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Old 11-16-2013, 08:47 PM   #121
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Originally Posted by elsid13 View Post
Yes because things like the Great Society and New Deal, or ObamaCare are myths.
The New Deal's record peacetime deficit spending was great short-term for the depressed 1930s. They made a deal to borrow future consumption to support their present depression. Some of the New Deal programs were supposed to expire like the Bush tax cuts, but they've been in place now for over 70 years. It's not such a good deal because we didn't keep up the other end of the deal. The future cost of these New Deal programs is more than 50 trillion today.
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