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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (1455943)	5/10/2024 10:44:45 AM
From: longz	2 Recommendations Recommended By bjzimmy the traveler Respond to of 1571001

If people had been voting for Republicans the last 25 years we would have public financing of campaigns and a balanced budget!!! But Americans are so stupid they even vote for BIDUMB who is a psychopathic criminal, and dumb as your post.

To: koan who wrote (1455943)

5/10/2024 3:39:36 PM

From: maceng2

Read Replies (1) | Respond to of 1571001

Some interesting observations there koan. The growth of the USA debt turned exponential (in 2023 inflation adjusted dollars) in 1981 as I see it. Volker did a great job controlling inflation in 1980, but the breathing space provided was not used prudently.

It wasn't just "tax cuts for the rich" the only problem though. It was the increase in the nature of spending, Basically each subsequent USA president was part of the doubling time apart from Clinton who oversaw a reduction in growth.

US National Debt by Year (thebalancemoney.com)

1980	$908	32%	Volcker raised fed rate to 20%
1981	$998	31%	Reagan tax cut
1982	$1,142	34%	Reagan increased spending
1983	$1,377	37%	Jobless rate 10.8%
1984	$1,572	38%	Increased defense spending

Understanding the National Debt | U.S. Treasury Fiscal Data