Comment Re:The first step (Score 1) 517
And when was money first thought of? It has been around since prehistoric times.
He just put off the bad economy by using short term loans.
There was far less government borrowing under Clinton than under Reagan/Bush before him or W Bush after him.
http://www.headybrew.net/images/content/budget_deficit_or_surplus.gif
Of course, Obama looks like he'll be borrowing quite a bit more.
One man's constant is another man's variable. -- A.J. Perlis