MaxShock wrote:
On the site, there's a button that says debt clock time machine, but 2009 is not covered, neither is any odd year, apparently. Regardless, it's unlikely that 2009 would be TOO much of a significant difference. Then again, I think I remember our debt rising 2 trillion in the last year, but I could be wrong.
I think you are wrong. With the reconciliation that took place a few years ago, where Bush's tax cuts were allowed to expire and spending was cut in many areas, I believe the deficit has lowered, lowering the rate of the debt increase.
2008 and 2009 were major years in which tax revenues plummeted because of the recession and large bailouts were passed (under both Bush and Obama) to all sorts of stakeholders, be they banks, be they car owners, and others. One would expect a sharp increase in the national debt in such a situation.
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"You have a responsibility to consider all sides of a problem and a responsibility to make a judgment and a responsibility to care for all involved." --Ian Danskin
11 Feb 2015, 11:14 pm
