Obama wants unlimited credit? Sounds crazy-

[SpartenOmega117]

mrstickball said:

SpartenOmega117 said:

Metallicube said:
So we're gonna settle the problem of debt with more debt? Sounds logical to me... -_-

I don't think the United States was ever not in debt

There were many, many times the US was in significantly less debt than they are now.

Also, your other statement about Keynesian economics is wrong. We've had many times where government spending contracted and growth was rapid. Look no further than the 1990s: The government tightened up how much it spent over the whole decade, and we had a lot of growth. Comparatively, the 2000s saw rapid growth in government, and we ended on a horrible note in regards to the economy.

Yes because in the 90s the economy was doing well so the gov wanted to increase interest and cut gov spending. Economics Class...