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Economist Frederick Thayer Has Studied The History Of Our Balanced-budget Crusades And Has Come Up With Some Depressing Statistics. We Have Had Six Major Depressions In Our History (1819, 1837, 1857, 1873, 1893 And 1929); All Six Of Them Followed Sustained Periods Of Reducing The National Debt. We Have Had Almost Chronic Deficits Since The 1930s, And There Has Been No Depression Since Then - The Longest Crash-free Period In Our History.

-Molly Ivins

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Economist Frederick Thayer Has

Molly Ivins

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Economist Frederick Thayer Has Studied The History Of Our Balanced-budget Crusades And Has Come Up With Some Depressing Statistics. We Have Had Six Major Depressions In Our History (1819, 1837, 1857, 1873, 1893 And 1929); All Six Of Them Followed Sustained Periods Of Reducing The National Debt. We Have Had Almost Chronic Deficits Since The 1930s, And There Has Been No Depression Since Then - The Longest Crash-free Period In Our History.

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Economist Frederick Thayer Has Studied The History Of Our Balanced-budget Crusades And Has Come Up With Some Depressing Statistics. We Have Had Six Major Depressions In Our History (1819, 1837, 1857, 1873, 1893 And 1929); All Six Of Them Followed Sustained Periods Of Reducing The National Debt. We Have Had Almost Chronic Deficits Since The 1930s, And There Has Been No Depression Since Then - The Longest Crash-free Period In Our History.

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