JBeukema
Rookie
- Banned
- #1
Chuck Spinney, who spent his career as a budget analyst in the Pentagon -- that's him, on the cover of Time for his defense-reform work in the Reagan era -- has an idea about the answer. The green in the chart below shows periods when America's overall federal debt burden shrank; red, when it grew. Spinney, by the way, is no one's idea of a standard liberal. He's more a deficit hawk than anything else, meaning both that he's hard-line against excess spending and that he's pro-defense but cheap.
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Where Did Our Debt Come From? - James Fallows - Politics - The Atlantic
They're silent on Obama-to-date, though I think we can all agree he broke the mould
