[eranimo]

> Well of course we shouldn’t have funded state entitlement programs with trillions in low-interest debt and ensured our governments and, by extension, our societies were addicted to low interest rate revolving credit facilities writ large.

The author doesn't mention the single largest source of increase in federal debt the last few years: the military and tax cuts for the wealthy.

[kyrra]

Are you talking just discretionary budget only? Mandatory budget of the federal government has been growing as much more than discretionary.

[shi314]

You forgot about Government Bailouts. There was $3 trillion dollar bailout last year.