The Americans had Reagan who handed a giant financial problem to Clinton. Clinton fixed it and handed a giant surplus to Bush, who changed it into a huge financial mess that he turned over to Obama.
people want more from their government... *
elect republican
taxes cut
govt spending increased
people receive more benefits, services, and govt handouts
national debt grows
national economy collapses
people want economy fixed...
elect democrat
taxes raised
govt spending lowered
people receive fewer benefits, services, and govt handouts
national debt declines
national economy repaired
people want more from their government... *
rinse, repeat.
that's the USA for you. you can't blame the democrats OR the republicans, it's the VOTERS that are doing it to us... If I were to have to sum it up I'd say it's the (*) moments where the voters get greedy that cause this to happen over and over. Call it "robbing the future for a lavish today".