When Bill Clinton left a balanced budget with surpluses in line to completely eliminate the national debt by 2012, why did George W. Bush slash tax rates for the rich and double the debt from $5.7 trillion to nearly $12 trillion?
Can anyone here tell me the problem with having a national debt? And please avoid the ever popular "if you don't know then you're stupid" or similar responses.
Massive annual interest payments taking a larger and larger part of our income.