Quote by President Reagan
I don't quite know of the wording to use in the section on the debt ceiling, but I think something needs to be added to contextualize President Reagan's quote; specifically, it needs to be clear that the debt ceiling and the national debt were both much lower during this term than now, even when adjusting for inflation. As the article stands now, there is a statement that the Tea Party and financial experts aren't worried about a default immediately juxtaposed with one of Reagan appearing to contradict that statement. I don't believe there is a contradiction, since the situation was so different then compared to now. Does anyone have any ideas on how to make this clear? Sadly, my writing abilities are failing me at the moment. Thank you! Kevin Davis Talk 21:33, 12 September 2011 (EDT)
- OK, so are you saying that there is no contradiction because the possibility of a default is somehow lower now that the debt ceiling and national debt are much larger? If this is true, perhaps it should be explained immediately after the Reagan quote. --AaronT 17:36, 18 September 2011 (EDT)
In 2007 Mtur added a link to a website I think called Zfacts. He was later blocked indefinitely. The article he linked to is critical of deficit spending and blames Republican leaders for engaging in it.
But neither of these facts is the reason I am removing the link. I'm removing it because when the author of the webpage does compare Democratic and Republican deficit spending, he doesn't mention the essential purposes for which deficit spending was performed, i. e. Ronald Reagan and George H. W. Bush fighting the Cold War; George W. Bush fighting the war against terrorism. These wars provided security to later generations, a security which these generations would or will not need to put their lives at risk to enjoy. It seems fair that they should shoulder some of the financial burden.
I feel this ignorance in distinguishing between debts for essential and non-essential purposes before attacking their accumulation disqualifies the author of the website from providing an opinion about the United States economy. VargasMilan 14:51, 9 July 2014 (EDT)
Shouldn't this page be titled "United States National Debt"? That's what it is about. It doesn't define or describe the general concept of national debt. JohnWe 19:45, 2 September 2014 (EDT)