We hear all the stories from Newt and Clinton about balancing the budget. And, they almost did it a couple of times.
But, more to your point, the national debt was still 1.3 trillion larger when Clinton left office than in 1992.
So to be realistic, and as you point out, this irresponsible financiat behavior has been going on since FDR. No one has ever really tried to pay off the debt.
Americans have consumed free stuff they were not paying for (Government services and stuff) every year; some of what we have had was bought on credit, even when we could have paid for it! No one ever made a serious effort to balance the budg
We had better study just how Greece handled their problem because there is a 100% chance it is comming here