who is responsible for the US debt?

[glockmail]

Its not excuses it facts about what was happening in the greater society at the time.

The baby boom was coming of age, people were back from vietnam and leaving their commitments to the military, the military industrial complex developed in the Veitnam war was being dismantled and social issues were very high on the agenda.

It was a time when even the field of economics was baffled about what was happening to the economy.

High taxes, punitive regulations, price controls, and a weak foreign policy were all Carter Hallmarks and well know predicted disasters according to conservatives at the time. Reagan came in, cut taxes and regulation, removed price controls, and developed a strong foreign policy. Hence starting the longest continuous growth period in modern US history.

I don't know why you would claim that "the field of economics" was so baffled. Maybe you're the one who's baffled. If you weren't so closed-minded about conservative values you might not be baffled.

[truthmatters]

4

[glockmail]

Because they were because those conditions had not happen in combination before.
It is from people who have studied ecomonics.

http://en.wikipedia.org/wiki/Jimmy_c...omic_situation
stagflation

Gee, I thought the experts were baffled? The revisions at wiki have been hard at work.

The fact is that Carter caused the four factors that I stated to occur. It had nothing to do with the end of a war, as that is normally beneficial to an economy. (If we aren't making guns, we can make more butter. That's Econ 101, 1st day.) It certaintly had nothing to do with an influx of labor into the market, as that also is beneficial.

Make all the excuses you want about Carter, but he was the worst president in modern US history. Choose to ignore what Reagan did, and your ignorance will only be compounded.

[truthmatters]

4

[glockmail]

It is where the Name stagflation comes form, it was coined by the years during the time when the economy did what it had not done before.
A stagnate economy and inflation at the same time. Ask an econimist about it.

[truthmatters]

4