DaveinPhoenix
2009-03-28 00:26:37
In 1929, America had no debt. At that time, the federal government accounted for 12% of total spending and the private sector 88%. At this time, all levels of government accounts for 45% of all spending and the private sector 55%. We now have a total debt of $59.3 trillion and rising – taking into account promised future promised spending on Social Security, Medicare, and Medicaid.
George Bush was not in office for the 80 years since 1929. He didn’t write every word of every budget. Nor has Obama – as much as I despise the man. We have only ourselves to blame for continually re-electing presidents and congressmen who place spending taxpayer money, elections, and politics over doing what is best for this country.
