Sunday, March 23, 2008

The US is Choking on Debt

There is a marked difference between economic growth and debt-induced demand. Instead of letting the market take its medicine and enter recession in 2001, the powers that be injected fiscal and monetary drugs to dull the pain and induce stock gains.

Yeah, and I say... so what? We're still alive and kicking. That's all that matters. Money isn't important. Who gives a shit about debt.

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But check out this chart. The national debt has risen under republican presidents, not democratic presidents....not like it matters much.
national debt

Now tell me why democrats are bigger spenders than republicans? Just for the sake of argument...