Hawks, I feel the turning point was Ronald Reagan. Jimmy Carter was saying, "Americans are going to have to get used to less". Reagan said, "Let's make America great again". Yes he said that>>
https://en.wikipedia.org/wiki/List_of_U.S._pr...gn_slogans
Reagan started the massive US debt, he ignored the fact the government was getting out of control with spending. "Reaganomics" was supposed to balance the budget with business soaring and the govt. getting in more tax revenue. It did not work. But it was not as big of a disaster as Obama doubling the national debt in for years. Yes Bill Clinton did better, but he inherited a soaring stock market f=fueled by the internet boom that was Al Gores, Al invented it, lol. The Fed did not raise interest rates when they should have and BOOM when "W" took over.
Now Deep State Trump is borrowing even more for our kids and grand kids.
It is quite simple, compare it to an individual. One can live a great lifestyle with a good job. But, the greed and complacency that destroyed Rome and ease of credit cards and bank loans help one live beyond his means for many years until the interest is not payable on his house, boat, fancy SUV, college loan and 10 credit cards. He goes BK. A country is no different, but they can keep borrowing from a non bank groups of crooks that charge for printing money, called the Federal Reserve Bank.
Yes, it will end ugly and bring us into a financial new world order of some sort. Much of the world is in debt and some countries worse.
https://en.wikipedia.org/wiki/List_of_countri...ublic_debt
Anything wrong with that logic hawks, or does government have a magical powers I am not aware of?
https://en.wikipedia.org/wiki/List_of_U.S._pr...gn_slogans
Reagan started the massive US debt, he ignored the fact the government was getting out of control with spending. "Reaganomics" was supposed to balance the budget with business soaring and the govt. getting in more tax revenue. It did not work. But it was not as big of a disaster as Obama doubling the national debt in for years. Yes Bill Clinton did better, but he inherited a soaring stock market f=fueled by the internet boom that was Al Gores, Al invented it, lol. The Fed did not raise interest rates when they should have and BOOM when "W" took over.
Now Deep State Trump is borrowing even more for our kids and grand kids.
It is quite simple, compare it to an individual. One can live a great lifestyle with a good job. But, the greed and complacency that destroyed Rome and ease of credit cards and bank loans help one live beyond his means for many years until the interest is not payable on his house, boat, fancy SUV, college loan and 10 credit cards. He goes BK. A country is no different, but they can keep borrowing from a non bank groups of crooks that charge for printing money, called the Federal Reserve Bank.
Yes, it will end ugly and bring us into a financial new world order of some sort. Much of the world is in debt and some countries worse.
https://en.wikipedia.org/wiki/List_of_countri...ublic_debt
Anything wrong with that logic hawks, or does government have a magical powers I am not aware of?
