The national debt spun out of control when Reagan took office. That's weird. This graph shows what happened, and this post explains the cause: Voodoo economics. George H. W. Bush called it that and predicted what would happen.
Voodoo has become standard Republican economics. Bush II bought it, and now they've build it into Trumps economic plan. [Read more...]
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Debt, Jobs and WWII (slides & a video)
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|1.||↥||By 1987 Ron Paul was asking “How is it that the party of balanced budgets, with control of the White House and Senate, accumulated red ink greater than all previous administrations put together?|
|2.||↥||Back in WWII we had real Patriots. They loved Uncle Sam and they bought war bonds to help him borrow to win the war and put America back to work. Now those who hate Uncle Sam (even though they say we have the best government in the world) call themselves patriots. But they have simply been duped by the Koch brothers and Wall Street.|
|3.||↥||And, no this was not because our competitors were flattened, that was latter and it hurt our economy. We spent a lot helping them reconstruct and there was no one to buy our exports. When you hear someone give this excuse you know they started with their conclusion and just made up a “reason.”|