Comment

President Obama Quotes Jimi Hendrix

189
Walter L. Newton9/06/2010 7:00:37 pm PDT

re: #178 brookly red

re: #173 freetoken

whatever. now who wants to tell me that running up a huge debt is good for the economy? step right up!


A booming economy has generated massive tax revenues, and President Bill Clinton now predicts that it would take the government just 16 years to reduce the public debt to zero.

There were times when prudent governments issued debt only to finance wars. However, during the global economic depression of the 1930s, an English academic, John Maynard Keynes, came forward with a revolutionary idea.

news.bbc.co.uk