Tag: deficit spending

  • Lloyd Lofthouse

    The Evolution of a National Debt Burden – Part 7/7

    The 1935 Social Security Act created primarily a pay-as-you-go system, meaning that payments to current retirees come from current payments into the system.

  • Lloyd Lofthouse

    The Evolution of a National Burden – Part 6/7

    According to Joe Weisenthal of Business Insider Magazine, it was President Clinton that caused the global financial crises of 2007-08, because he did not spend enough and increase the national debt.