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Originally Posted by GPK
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Yes, but I'll point out that's a different metric than what I mentioned. The debt has increased, as we are still paying for old things, with interest. We could stop spending today and the debt will continue to rise.
I do believe our GDP to debt ratio right now is not as fearsome as some think, less than Reagans I believe (have to look it up, don't hold me to it)
But Obama's policies and programs have not added massively to the debt. He's cut federal spending a bit. He's cut our deficit a bit. The "big spender" thing just isn't true. He's expanded Medicare to last another 8 years. The GDP has gone up a bit. All with just the initial, very half,hearted stimulus, and about zero further action by Congress or the Fed.