Reading America’s decline will not be easily reversed at Financial Times I ran into this nugget I had never known before.
One of the reasons we feel so overburdened by debt is that it has steadily taken more borrowing to finance our growth. In the 1950s the economy grew by 73 cents for each dollar of added debt. In the 1960s it was 65 cents. By the 1980s it was only 34 cents and so far in the current decade it is less than 20 cents.
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Debt is how the Republicans
Debt is how the Republicans fund a govt when they pass low-taxes. I learned that by reading a few post by Hale Bond (not sure that's his name) on HuffPo.