ilia25
I can do math
- Jan 12, 2012
- 1,859
- 100
- 48
- Thread starter
- #61
If there was a debt explosion and all that debt was used for spending then why not call it a spending explosion as well?
Because the debt explosion was needed to make up for the imploding government revenues, NOT for exploding spending.
Every year since 2008 the government collects about a trillion less in taxes than it would have if the great recession didn't happen. That is why it had to borrow a trillion each year to keep financing the military and keep sending those social security checks.