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Re: Economic pressures? 

By: TomTamilio in CONSTITUTION | Recommend this post (1)
Tue, 28 Jan 14 3:24 AM | 110 view(s)
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Msg. 20738 of 21975
(This msg. is a reply to 20736 by Zimbler0)

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Zimbler0,

> Only 25 to 35 years?

Obviously it's debatable, not to mention subjective, when economic pressures began to escalate. Maybe with Johnson. Maybe with FDR. Maybe earlier still.

But when I look at a debt chart such as the one below, it strikes me as manifest that whatever changed for the worse 25-35 years ago continues to hammer us today.

Relative to the GDP, the U.S. debt was even worse in the early 1940s than it is today. But that was caused by a catastrophe the like of which the world had never seen and was addressed by an industrial juggernaut that was more than up to the task. Today, it's not. In fact, it is America's economic ineptitude that presages the next crisis that will rival or surpass World War II.

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The above is a reply to the following message:
Economic pressures?
By: Zimbler0
in CONSTITUTION
Tue, 28 Jan 14 2:26 AM
Msg. 20736 of 21975

Tom> My sense is that economic pressures accumulated over the last 25-35 years may be coming to a head THIS year.


Only 25 to 35 years?
I'm thinking it started back with Johnson's
'War on Poverty' and the birth of the American
Welfare State.

That required massive deficit spending . . .
at first it was masked by Vietnam War spending.

Then Nixon got U.S. out of Vietnam . . Ford and
Carter with 'stagflation' . . . and the deficit
spending just kept climbing.

Congress never addressed the problem.

Just my opinion . . .

Zim.


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