What is the reason why we have a huge deficit and debt? (NAFTA, unemployment)
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We have a huge debt because we issued a bunch of treasury notes, bonds and bills in order to finance the amount of federal expenditures over tax revenues in a given year. That's why.
Oh i so agree with you, everything you say makes so much sense.
poll is missing - spending $1.6 trillion a year for 3 years more than what is collected from tax payers.
If you look at the chart on page 2 (repeated below) the Tarp and stimulus have nearly a negligible effect on long-term debt while the Bush era tax cuts are the single biggest item.
None of the above. It's simple. Big government getting bigger every year.
I hear that meme all the time -- claims that there had been a huge expansion in government under Obama; Note that about half the rise in the ratio of spending to GDP reflected low GDP, not high spending, and that the other half was basically safety net programs:
Let's look at longer term cost:
Social Security is up as is Medicare but has nothing to do with Obama, who hasn't increased either program at all; it's just demography, the baby boomers retiring. Obamo didn't create the baby boom.
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