Keynesian economics<quoted text>
Looks to me like the dems and Obimbles ruined the country and are burying us in debt. Where am i going wrong? Did Obumbles have to deal with a 9/11? What have we gotten for his $6 trillion in new debt?
a man on the moon?
interstate highway system?
high speed rail?
, Budget Deficits
2002 FY Budget Deficit $158 Billion
2003 FY Budget Deficit $365 Billion
2004 FY Budget Deficit $412 Billion
2005 FY Budget Deficit $319 Billion
2006 FY Budget Deficit $248 Billion
2007 FY Budget Deficit $161 Billion
2008 FY Budget Deficit $455 Billion <---- Democrats control Congress
2009 FY Budget Deficit $1.4 Trillion
2010 FY Budget Deficit $1.3 Trillion
2011 FY Budget Deficit $1.6 Trillion
2012 FY budget deficit $1.3 trillion
2013 est. deficit $1.1 trillion
Keynesian economics advocates a mixed economy predominantly private sector, but with a role for government intervention during recessions and in the US served as the standard economic model during the later part of the Great Depression, World War II, and the post-war economic expansion (19451973), though it lost some influence following the stagflation of the 1970s. The advent of the global financial crisis in 2008 has caused a resurgence in Keynesian thought.