to answer the question:
If you expect people to be rational, you aren't being rational.
Our money is going exactly where mpg is saying its going. Specifically, into social security and defense both things that need to be controlled. Anyways if I were a betting man and I'm not, I would say our debt will trend similarly as it did after FDR:
"We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan
thats really ignorant to say seeing as when obama took office after bush, who was infact the WORST president we've had, totally destroyed our economy, just to make some money for himself. Obama is trying to help-watch this. Jon Stewart Critiques President Obama in 'Daily Show' Interview (VIDEO)
i vote C.
I agree with Ronnie, deficits don't matter. Recessions do matter. Our country has been in a recession for most of my adult life: !977-1979 was "Carter's recession". 1982-1985 was "Reagan's voodoo economics recession". 1989-1992 was the "Operation Desert Storm recession", where everyone stopped buying big ticket items due to the uncertainty of the war. The stock market dropped like a rock (though soon recovered). 1998-2000 was a recession caused by the dot.com implosion. 2002-2005 was the Bush recession caused by 2 new wars. Last but not least is the current depression caused by the housing bubble burst in 2008-? and the reality that our own financial system was off the deep end.
Why is our system so ****ed up? Why do we really have global recessions? I'll tell you why. It's to keep the workers under the thumb of the wealthy. Much better to have us begging to do menial tasks than having everyone getting a 10% annual raise throughout their working careers. It's the American anti-dream. I don't want to continuously cut back to make our country meet it's ends. Print more money. Right Ron (RIP)?
My opinion is that increased military spending during the Reagan years was mostly responsible for the deficit. I read somewhere that Reagan's military spending was responsible for about 10 trillion. Now, that's a lot. (though I have nothing against him and in fact, I am pro-military). Just stating a fact.
PS: I think we'll never find out who's responsible. Statistics, etc... are all blurred, and because of extreme partisan politics, every number is corrupted, falsified (I'm accusing nobody here), etc... History will never know the truth
The tragedy is not that things are broken. The tragedy is that things are not mended again. - Alan Paton
Bach is the beginning and end of all music - Max Reger
It is not God who kills the children. Not fate that butchers them or destiny that feeds them to the dogs. It's us. Only us - Rorschach
And as the recent economic changes have shown, the rich spend according to their net wealth, not their taxes.
"If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu