Ours doesn't seem to be working very well, I find much of the 2008 crash was due to crony capitalism, and now Obama's socialists policies are making the future of this country even worse by increasing our debt to exorbitant levels.
Is he increasing debt, or is the debt increasing because of previous obligations coming due? My understanding is that the only way debt increases is though deficit spending. Our deficit has been cut in half. What is he spending more on that doesn't increase the deficit?
To me it is basic math, I can understand spending increase in previous obligations the first years of his term, but the fact that he hasn't stopped that after 8 years tells me he doesn't really care about deficits and he cares more about social programs. To me that is a BIG MISTAKE in basic economics.
Again, the deficit has been cut in half during his presidency. He couldn't just stop paying the previously made bills. We are obligated to pay them. All he can do is reduce the number of new bills, which he has done more than any other recent president.
If you're saying it's been cut in half because he almost doubled Bush's last budget....I guess.
These are not previously made bills. These are the bills that have been laid down by appropriations bills HE signed. No appropriations bills...no money.
The only bills laid down by previous administrations are the interest on the debt.