Why did the National Debt Start Growing at such an alarming rate starting in 1980 (see graph)? - debt graph
See the link below to see how the national debt has increased year after year, adjusted for inflation. Why was 1980 a turning point? Why are the turning point came in 2000, a less alarming?
http://www.brillig.com/debt_clock/faq.ht ...
hmmm ....
Friday, January 8, 2010
Debt Graph Why Did The National Debt Start Growing At Such An Alarming Rate Starting In 1980 (see Graph)?
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Reaganomics.
Trickle down economics.
Voo Doo Economics
Monetarism.
Call it what you want. Put lipstick on a pig does not change a pig.
Republicans to govern insolvency.
Tax cuts and military spending.
I am pleased to be skeptical of the veracity of these graphs.
The graphics are not adjusted for inflation shows an increase in debt in 2000 and 2001. However, the chart shows the inflation adjusted debt relief a reality in 2000 and 2001. Does not mean that the U.S. economy has experienced deflation in two years? I do not remember hearing, dass States, graphmaker adjusted $ 2000, but would a change in the years does not change the shape of the graph. So ......
Since we do not have a political party that gives priority to fiscal responsibility. The Democrats spend a ton of you raise your taxes to pay for the most part, but some are intended for the debt. Republicans spend a ton to reduce their taxes anyway, and add a ton of debt. Therefore, the debt more with a Republican in power too. What we need are some old-school Republicans in power, those who care about a balanced budget. Something like John McCain in the 90s, when he supported a constitutional amendment to balance the budget. I wonder what is he doing now? I am certainly not the same one that wants the permanent cessation of the irresponsible tax cuts, in the middle of a war.
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