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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2161975, member: 71723&quot;]Remember, the federal government briefly was NOT new net borrowing right around the end of the previous century / beginning of this one. The federal budget was in surplus and retiring debt. Then the bubble of tech spending by private industry to ward off Y2K issues ceased, and then 9/11 changed the world of government spending fundamentally. Just when we were starting to get righted a little, &quot;banksters&quot; offloaded their losses onto the taxpayers at large (and they didn&#039;t even have to buy us dinner first). As bad as our sovereign debt looks, and it does, it is the result of a confluence of pretty staggeringly unusual circumstances.[/QUOTE]</p><p><br /></p>

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