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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