Topic: As a 17 year-old libertarian: (Read 1511 times)
The only president that has successfully balanced the budget was Andrew Jackson. Of course that was torn apart very soon.
Actually it's the republicans and the rise of right wing conservatism that did that. Reagan did nothing but spend money that the country didn't have and it basically set the prescedent for every other president (except clinton, who understood that you need to actually have money before you can spend it) to do exactly the same thing.
Thats right. FDR and Wilson (among others) didn't spend money. They spent magic fairy dust!
They balanced their budgets over the economic cycle. Reagan and Bush were both unusual in that they borrowed when times were good.
Actually it's the republicans and the rise of right wing conservatism that did that. Reagan did nothing but spend money that the country didn't have and it basically set the prescedent for every other president (except clinton, who understood that you need to actually have money before you can spend it) to do exactly the same thing.
Thats right. FDR and Wilson (among others) didn't spend money. They spent magic fairy dust!
Can someone get me a list of countries without debt?
http://en.wikipedia.org/wiki/List_of_countries_by_external_debt
Actually it's the republicans and the rise of right wing conservatism that did that. Reagan did nothing but spend money that the country didn't have and it basically set the prescedent for every other president (except clinton, who understood that you need to actually have money before you can spend it) to do exactly the same thing.
Try FDR and Theodore. The New Deal era was a precursor to the further damage. Not strictly true. The New Deal worked until 1937 when FDR lost his nerve and cut public spending throwing American back into recession. The UK was embarking on re-armament at the time and was saved by that extra boost of cash.
What made him lose his nerve, what did he think would happen if he continued?
Actually it's the republicans and the rise of right wing conservatism that did that. Reagan did nothing but spend money that the country didn't have and it basically set the prescedent for every other president (except clinton, who understood that you need to actually have money before you can spend it) to do exactly the same thing.
Try FDR and Theodore. The New Deal era was a precursor to the further damage. Not strictly true. The New Deal worked until 1937 when FDR lost his nerve and cut public spending throwing American back into recession. The UK was embarking on re-armament at the time and was saved by that extra boost of cash.
Can someone get me a list of countries without debt?
Actually it's the republicans and the rise of right wing conservatism that did that. Reagan did nothing but spend money that the country didn't have and it basically set the prescedent for every other president (except clinton, who understood that you need to actually have money before you can spend it) to do exactly the same thing.
Try FDR and Theodore. The New Deal era was a precursor to the further damage.
Actually it's the republicans and the rise of right wing conservatism that did that. Reagan did nothing but spend money that the country didn't have and it basically set the prescedent for every other president (except clinton, who understood that you need to actually have money before you can spend it) to do exactly the same thing.
Hey Atlas, I thought you didn't believe in segregating people into meaningless groups like race or what year they were born.
Culture can unfortunately be an objective exception; however, just as there are species and breeds its representatives can be quite diverse.
Hey Atlas, I thought you didn't believe in segregating people into meaningless groups like race or what year they were born.
I might send that to my parents. Thanks Atlas.
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