Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TideGlider who wrote (751174)	11/4/2013 9:28:24 PM
From: koan	Read Replies (2) of 1576894

We had as large a debt after WWII and we grew out of it with the massive stimulus program of WWII. Full employment in the 1940's allowed people to pay down their debt and start businesses and buy stuff and pay more taxes. This allowed both the private sector and the public sector to pay off their debt. And by the 50's we were in good shape. When Reagan took over from Carter we owed very little. If Bush had continued on with Clintons programs of surpluses we were scheduled to be out of debt in 2012. When Bush made his trillion dollar tax cuts to the rich (3 of them) he said: "government should not have so much money so I am giving it back to the rich as they paid it.' then he started two wars (borrowed the money form China) and created a depression. All of that sure took the wind out of our sails.

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