In response to:

Study: "Debt Problem Began Four Decades Ago"

DockyWocky Wrote: Jan 22, 2013 1:38 PM
Those boys have an answer for everything, don't they? Knowing all along what was happening, I think it is high time that the citizenry of this country begins filing charges against our inept leadership that allowed this fiasco to happen with their full knowledge and cooperation. Failing the charges and indictments of the guilty ones that are still with us, it ought to be fully permissible to dig up the ones that have been buried, whole, and subject their corpses to some good natured and inventive desecration prior to actively going after the ones that are still alive and either living high on the hog via their federal pensions, or the ones that are still trying to pull the wool over our eyes to this moment.
OBAMA-DRAMA Wrote: Jan 22, 2013 1:41 PM
Toss them into distant oceans from high above via helicopters ???

Hmmmm.... not a bad idea at all...


PhillupSpace2 Wrote: Jan 22, 2013 3:29 PM
OBAMA-DRAMA, did you think that up over an adult beverage or did you get the idea from Argentina? The adult beverage was the source of inspiration for US Grant and Winston Churchill! I sometimes find it inspiring myself.
A new report from the Federal Reserve Bank of St. Louis reminds Americans that, contrary to the narrative that huge deficits and debt are merely a recent product of the Great Recession, the problem began over forty years ago.

Daniel Thornton, the St. Louis Fed's Vice President and economic adviser, finds what conservatives have been saying all along is true: it's steadily increasing government spending, not a lack of tax revenues, that's causing all of this.

[A]fter 1970, both revenues and expenditures increased on average relative to the previous two decades; however, revenue increased marginally while...
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