|
What a lot of this an local financial problems boil down to is that no one can run a country for 4 years and be expected to fix it.
Yes, the debt DID increase under Clinton's administration. But if you look at the graph you will see the rate at which it is increasing is declining. Then when Bush takes office it sky rockets out of control.
Had Clinton stayed president for 8 more years we would have seen the trend move down.
What happened when we finally hit a surplus of money in the Gov't coffers? George Bush issued everyone a check... Fucking amazing... He had a chance to turn what was then $26,000 individually into $24,000 and instead he gave the money to you. Then increased spending... Making the new number $30,000...
What did he teach Americans? He taught them that if you owe $4,000 on your credit cards and receive a windfall of $2,000, spend it on luxuries and continue to spend more on the cards too... Fuck it, run them up to $6,000....
And to the fellow that says I don't understand currency... I think the example I just gave you says a lot about the current state of America...
You are thinking... But to grow a company you can increase debt.... Yes, you can... I can buy 100 domains on my credit card for $700. Develop them and make $3000 a month. In this case I borrowed to increase my own ability to make more wealth.
This isn't what Bush is doing... He is the consumer who is buying bullshit and needs to learn to stop before he claims bankruptcy. We are not borrowing to build wealthy prospects, we are borrowing to make life easier now without any regard to what it will be like 10 years from now.
It is much like a college kid running up his credit cards instead of getting a job. It is ok for a year or two but will fuck him over for the next 7 to 10 years when he defaults on them or claims bankruptcy.
|