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<blockquote data-quote="rickyb" data-source="post: 3417431" data-attributes="member: 56035">step one: cut taxes on the rich and increase debt as fast as you can.step 2: use higher debt as justification for cutting social program spending.This was the largest spike in the gross national debt over a period of 132 reporting days, going back to 2011. Perhaps during the depth of the Financial Crisis, when all heck was breaking loose, and when credit was freezing up, and when millions of people lost their jobs, and when the government stopped receiving payroll deductions from them, and when capital gains turned into losses, and when corporations were drowning in red ink and not paying taxes either, in other words, when tax receipts collapsed due to the crisis, and expenditures for unemployment and other things jumped, well then the debt might have increased more sharply in a time span like this. But not since then.&quot;<a href="https://wolfstreet.com/2018/03/16/us-gross-national-debt-spikes-1-2-trillion-in-6-months-hits-21-trillion/" target="_blank">US Gross National Debt Spikes $1.2 Trillion in 6 Months, Hits $21 Trillion</a></blockquote>

[QUOTE="rickyb, post: 3417431, member: 56035"] step one: cut taxes on the rich and increase debt as fast as you can. step 2: use higher debt as justification for cutting social program spending. This was the largest spike in the gross national debt over a period of 132 reporting days, going back to 2011. Perhaps during the depth of the Financial Crisis, when all heck was breaking loose, and when credit was freezing up, and when millions of people lost their jobs, and when the government stopped receiving payroll deductions from them, and when capital gains turned into losses, and when corporations were drowning in red ink and not paying taxes either, in other words, when tax receipts collapsed due to the crisis, and expenditures for unemployment and other things jumped, well then the debt might have increased more sharply in a time span like this. But not since then." [URL="https://wolfstreet.com/2018/03/16/us-gross-national-debt-spikes-1-2-trillion-in-6-months-hits-21-trillion/"]US Gross National Debt Spikes $1.2 Trillion in 6 Months, Hits $21 Trillion[/URL] [/QUOTE]

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