Winston Smith wrote:I'm not attacking anyone, Turks or Democrats. I merely asked a factual question: how does national debt increase at such a fast rate historically without commensurate spending?
Collapse of government revenue due to huge recession? The reason Reagan had such a high debt increase was that he made massive tax cuts without accompanying spending cuts. Clinton didn't cut spending but had huge increases in revenue due to both raising taxes and a booming economy.
Obama has made some tax cuts, but has had to bring in a stimulus and watch countercyclical spending rise, but the overall economy is just not generating much revenue.