It’s stupid assholes like this that are screwing up this country. The morons on the left all agree with this idiot, I’m sure.
In case you were wondering why we are doing nothing to slow our inexorable march towards Greek-style insolvency, look no further than those who are vested with the power of the purse string. Yesterday, Congressman Rush Holt (D-NJ) suggested that we are not spending enough “to invest in research and development, education and infrastructure that would allow America to compete in this increasingly global economy.” He proved his assertion by comparing our deficits to….the WWII era!
According to the Office of Management and Budget, America’s deficits were more than twice as large in the 1940s as they are today. In 1943, the deficit was 30 percent of our economy’s size; in 1944, it was 23 percent. Today, it is less than 9 percent. As for publicly held debt, it was significantly larger as a share of our economy in 1944 than it is today.
Hmmm, what do you think was going on during 1943-1944? Oh yes, that WWII thing.