Also look into all the success of tax increases and spending cuts during the recession and the "recovery" for the past 5+ years.
I don't know about any spending cuts, but we have had tax increases, and you were right and proper to put the 'recovery' in quotation marks.
US gdp grew from $14.4 trillion to $17.6 trillion from 2009 to 2014.
US debt grew from $11.9 trillion to $17.8 trillion from 2009 to 2014.
http://useconomy.about.com/od/usdebtanddeficit/a/National-Debt-by-Year.htm
As you can see, the debt grew by $5.9 trillion dollars, while gdp grew by $3.2 trillion dollars.
For those who don't know, gov't spending is counted as gdp.
All we did was borrow $5.9 trillion dollars of gdp from the future, while actual growth without borrowing from the future was a negative $2.7 trillion dollars.
And the above is the sum total of the bogus, flim flam economics known as keynesian, aggregate demand theory economics.
What you would call organic growth, or 'same store sales' of US gdp has been negative ever since Obama has been in office and the flim flam artists have been in charge.
We have done absolutely nothing except borrow gdp from the future. Going into debt to fund current consumption is the idiots guide to running an economy.
But you want to know the best part? They say we're going to 'grow our way out of it'. Piezoe has said it many times.
Borrow money for consumption, and expect it to result in future growth. Because investing in consumption is what normally promotes growth, right?
Most of us who are out of the beltway loop and not allowed to participate in economic discussion always thought that you
invested to promote future growth. That's considered outdated and old fashion now.
We'll see.
