Saturday, April 15, 2017

The National Debt


All recent presidents have left office with a huge national debt. I think there are two reasons for this:
  1. The purse strings of the nation are controlled by the House of Representatives. The members of Congress know that the American public is ignorant enough that talking heads can blame deficits on the president.
  2. It is easier to buy votes and power by borrowing money than by finding a source of income. Especially if you know you’re not the one who has to pay the money back.

One of the ways to combat deficit spending is to stop thee unproductive argument of "This or that president was better for the economy."  In reality, the president has little control on the economy or overall government spending.



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