(May 29, 2016 at 7:03 pm)Chad32 Wrote: With Bill I think it was supposed to be the deficit. Not the debt. Meaning the amount of money we lost every year went down, though the debt continued going up.
It's possible to reduce the deficit provided you cut non-mandatory spending. In most cases that's not a good idea because you will end up hurting a lot of vulnerable people.
http://economicsonlinetutor.com/pics/Fed...20z002.png
The deficit exists because the Congress Critters won't raise taxes to cover all of their obligations. So they borrow money to make up the difference and that's the deficit. The more they borrow the greater the national debt becomes and because they are always borrowing money the national debt continues to grow and is never reduced.