Let say the "unfunded wars" caused the increased oulays from 2001-2007, that still was "only" half-a-trillion dollars. What could have possibly happened in 2008? Maybe Congress had a huge landslide change? And isn't Congress really who is in charge of spending money?
The receipts obviously dropped, but only to a little below Clinton year levels. We know that the housing bubble was the main cause there, but we can argue whose policies were more responsible for that. (who wants loans to unqualified people) There I gave away my angle.
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Let say the "unfunded wars" caused the increased oulays from 2001-2007, that still was "only" half-a-trillion dollars. What could have possibly happened in 2008? Maybe Congress had a huge landslide change? And isn't Congress really who is in charge of spending money?
The receipts obviously dropped, but only to a little below Clinton year levels. We know that the housing bubble was the main cause there, but we can argue whose policies were more responsible for that. (who wants loans to unqualified people) There I gave away my angle.
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