Wednesday, September 16, 2015

Next Democrat hopeful wants to follow in Obama’s footsteps by doubling national debt

Socialism works until you run out of other people’s money.  This is a famous quote that was attributed to the former Prime Minister of Britain during the final decade of the Cold War, and during the rise of socialism in what would become the European Union.  And since the 1980’s when capitalism flourished in its final decade of free markets, growth has been measured not by productivity, but by how much administrations around the world could increase their money supplies and national debts.
And while many Republican Presidents, including the well respected conservative Ronald Reagan, have used borrowing to facilitate their goals and agendas, it has been the current President, and the front runner from the Democratic Party for the 2016 election, that have placed any semblance of fiscal responsibility in the distant past, and could potentially be two back to back Presidents who would double the national debt during their times in office.


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