Funny how you didn't give a crap about the Debt when Bush and the Republicans ran the country. Bush inherited record surpluses and left with record deficits. National Debt Increase: $4.9 trillion.
DURING AN EXPANSION. National Debt as of Jan. 15, 2009: $10.6 trillion Debt when Mr. Bush took office: $5.7 trillion (Source: U.S. Treasury Dept.) The best way to reduce the debt is for the economy to grow. Without the stimulus, growth would have been terrible -- Bush left office with NEGATIVE 6.4% GDP growth, and with the Stimulus program, GDP growth has been POSITIVE for the past 6 quarters.
"Mark Zandi, chief economist for Moody’s Analytics and former adviser to John McCain’s presidential campaign, and Alan Blinder, a Princeton University economist and former economic adviser to President Bill Clinton, modeled the past and what might have happened without the much-derided government responses. Their findings: “Effects on real Gross Domestic Product, jobs and inflation are huge, and probably averted what could have been called Great Depression 2.0. For example, we estimate that, without the government’s response, GDP in 2010 would be about 6.5 percent lower, payroll employment would be less by some 8.5 million jobs, and the nation would now be experiencing deflation.
The report notes that the bailout and federal loans had a deeper effect than stimulus spending, but that the stimulus added 2.7 million jobs to a limping economy and raised GDP by a full 2 percent." The stimulus bill created jobs. There is debate about how many jobs it created but there is no denying it created jobs.
CBO: 800,000 to 2.4 million IHS/Global Insight: 1.25 million Macroeconomic Advisers: 1.1 million Moody’s Economy.com: 1.6 million.
He isn't No one seriously is. Imagine this hypothetical situation. You make 1000 dollars per month.
You spend 1500 dollars per month. Your prospects for future wealth are dismal and you owe 50,000 dollars. How do you propose to pay your debt?
That's not really too far off of our economic situation. We spend more than we make and even if we didn't we owe much more than we make. We have no real prayer of paying off our debt unless something completely unforeseen and miraculous occurs to hugely expand the economy.
One possibility is that we discover a space traveling alien civilization that thinks huge gas guzzling SUVs are awesome and worth 50 million dollars a apiece. If we sold all of ours we could probably pay off our debt but more likely we would take the money and immediately spend it on something idiotic and end up borrowing more by the time we were done.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.