Do you remember back eleven or twelve years ago? The national debt was gone as an issue. The "debt clocks" were running backwards. There was a budget surplus of over $200 billion. There was actually talk that the national debt might even be fully paid off.
So what happened?
First, the Bush tax cuts.
Second, the Bush Administration began two wars with absolutely no attempt to pay for them. That was nearly unprecedented in American history. Wars were deficit generators, but there was some attempt to raise revenue to offset it. Not this time, Bush prided himself on keeping taxes low. Dick Cheney declared that "Reagan proved that deficits don't matter."
Third, Bush rammed through a large expansion of Medicare, again, with no moves to pay for it.
Fourth, the recession. While recessions happen, the Bush Administration and the Federal Reserve turned their back on the risky behaviors of the banksters.
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What we have are four direct causes of the current massive budget deficits, of which , 3.5 can be laid at the feet of the Republican party. But when you point this out to conservatives, they bleat about "we can't look back". They claim that only they know how to fix it, which is sort of like taking advice on building construction from the arsonists who burned down the previous building.
This is on you, conservatives. You guys pushed through the laws to ramp up the Federal debt. You guys advocated for and got the banks and financial institutions deregulated. You guys pushed through the wholesale scrapping of the Glass-Steagell controls.
All of those things not only brought about the current mess, they largely benefited the rich at the expense of everyone else. Yet any discussion of how we got here and any suggestions to reverse the things that brought about this mess, other than increased Medicare spending, are met with howls of outrage from you guys.
Why is anyone listening to you?
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* This whole mess will repeat itself because the Obama Administration refuses to hold those thieves accountable.