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I would also add one more factor that drives the increasing debt. - Changing U.S. presidential administrations and shifts in the political parties controlling
by rawgabbit 2y ago
I would also add one more factor that drives the increasing debt.
- Changing U.S. presidential administrations and shifts in the political parties controlling Congress can negate any fiscal savings achieved. History suggests that even if the current administration reduces the national debt, subsequent administrations and Congresses tend to increase it again.
- uticus 2y agoAlthough you’ve gained my admiration for pointing to the lessons history proves, I’m inclined to disagree mainly because the changes you mentioned were in effect during all of American history, but the debt was not. Less convincingly I also feel the potential stability of monarchy is negated by the evils of having centralized power. I am an American after all.