In Richard Clarke's book he told that in George W. Bush's first cabinet meeting Cheney said, "The Debt Doesn't Matter, Reagan Proved That." He was referring to the fact that in 1981 the debt was less than $1 trillion and when George Herbert Walker Bush left office in 1993 the debt had quadrupled to more than $4 trillion. Of course during the two terms of George W. Bush he cut taxes twice...in 2001 and 2003 and doubled the national debt from $5.7 trillion to over $11 trillion. What he meant was, if you're rich and already have it made don't worry...the stock market will do just fine. What we're seeing now is that for 90% of Americans...it does matter.