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Each president and congress and spent more than the previous one regardless of revenue, because so far there have been no consequences - fiscal or political for
by InTheArena 7y ago
Each president and congress and spent more than the previous one regardless of revenue, because so far there have been no consequences - fiscal or political for doing so.
- astrodust 7y agoAt stupid low interest rates expect that trend to continue. The pressure on spending is often driven by factors that are growing, like inflation which pushes up raw costs, and population, which is also growing. Outside of some discretionary spending (e.g. military) you can't really put a limit on it.
- ilikehurdles 7y agoThis is only true if you consider George W. Bush the earliest president of the United States. It doesn't hold for Clinton.
- nicoburns 7y agoAn interesting thought: ultimately this lack of consequences is backed up by the US's military power.
- boznz 7y agoI will actually upvote this, only because of the interesting irony that a majority of the us deficit is caused by military spending.