Debt has gone up as a direct result of the Great Recession..

Posted on: September 27, 2016 at 15:02:39 CT

None of which any of you chuckleheads ever look at as the huge deal that it was. As evidence of that, recognize that global debt in developed countries has gone through the roof because of it, not just in America. Second, our country is not a wholly accurate image of just how devastating the economy was when it hit and through the years it was present. Look at Europe and countries like Japan. Established economies across the world have not recovered as fast as we have. We can thanks consistently high productivity levels for that, that are not present in all these other countries.

Third, the debt includes drawing down two expensive wars in Afghanistan and Iraq and also QE, TARP and the stimulus which was absolutely necessary to stop the bleeding. You can thank continued unwillingness from the GOP to even consider raising taxes or capital gains. Plus, the current systems of bloat, Medicaid and Medicare no one is willing to touch because NO ONE wants to. We still have 100% plus increase in military spending since 9/11...started by...Bush.

These are facts and good ones to explain the situation. I'll add that now that we are on a better economic trajectory spending has been reined in by Obama and...and...and Congress.