It did, but not in the way this guy thinks it should have.
I'm "the guy." I just happen to be a user here, too.
By law the money needed to go to pay down our public debt first, which is real debt despite this guys claims.
If you read my article you'll find I didn't contradict that. I didn't say the public debt didn't go down, but every single year the intergovernmental debt went up more. If the public debt had gone down more than the intergovernmental debt had gone up, that'd have been something. Unfortunately it wasn't the case.
Well, it looks like I can't post because of too many negative moderations that were done by some people who don't like what I have to say. It's been happening for a while and it finally seems that they got their way...
But we'll see if we can't get this little hitch taken care of. If this journal post is indeed successful, I'll write responses by editing this entry.
Updates:
Riches: A gift from Heaven signifying, "This is my beloved son, in whom I am well pleased." -- John D. Rockefeller, (slander by Ambrose Bierce)