Quote:
Originally Posted by randolph
Yes the debt is very scary! However, we had four trillion in debt after WWII and managed to get over, it somehow. We also managed to get over the huge Reagen debt while Clinton was President. It seems our financial system is a gigantic Ponzi scheme, we need to keep pouring money into one end to make it work.  |
We didn't get to $4 trillion until '92 during the first Gulf War. And at no time has the debt ever gone down. See this chart
here. You might be thinking of the budget surplus that Clinton managed by the end of his term.
02-12-2009
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