Liberal free for all coming to an end

[randolph]

Tracy

It's never good practice to routinely run a deficit unless it's a national emergency.

During the great depression, the Republicans were very resistant to increase debt in order to stimulate the economy. Consequently many banks failed and millions of people lost their savings (no FDIC). FDR finally did get a modest stimulus going but it was inadequate to really get recovery. It took WWII to get the country back on its feet with a four trillion dollar war debt!
We managed that huge debt and the economy grew rapidly at the same time the maximum tax rate for the rich was seventy percent! During those years we were rebuilding the free world including Japan and Germany. Times were good and the middle class prospered.
Now days the cost of an aging population, exploding retirement costs, obscene military expenses and the loss of working class jobs is threatening the country with bankruptcy. The government keeps borrowing more and more money to cover expenses and stimulate the economy. Why? Because we have a highly distorted tax system. The rich are not paying their fair share, if they did we would not have these massive deficits.
Capitalism is based on economic growth. Growth depends on a populace that can afford to buy what the capital investment produces. If we screw the populace with a distorted tax system that favors the rich then capitalism will fail.