Has A Deficit of $1 Trillion Been Worth It?
Remember when the national debt (total money owed) reached $1 trillion, and everyone was concerned that our economy would collapse? Well, this week, our annual deficit (additional money borrowed just this year) crossed $1 trillion, and we're barely half way through the year. So, has all this spending of money we don't have, with near certainty of skyrocketing interest rates and/or hyper-inflation, managed to save our economy as promised, or is it just sending us toward disaster? Has anybody noticed unemployment has exceeded the projections that preceded the "stimulus" bill for what would happen if we didn't spend all that money? It certainly didn't save the jobs that were predicted. Funny, that's just what I and many others said would happen. So, why are we still planning to spend the rest of that money? What was spent so far hasn't helped. Neither has the promise of the rest of the spending helped. Now, if more of the money had been spent on i...