Federal and other debt as shares of total debt:
Federal (blue) and Non-Federal (red) debt as shares of total debt (thru 1985) |
So always remember and never forget
The problem lies not with the Federal debt,
But everyone else's debt hinders us all
And leaves us like Humpty was after the fall.
Republican Elephants, Democrat Mules
ReplyDeleteSurveyed the wreckage and gathered their tools.
They found a solution in politic praxis
By lowering that poor egg's payrollish taxes.
Agreement in principle, wonderous thing,
ReplyDeleteturned out to be rather exasperaing.
For big-ender lil-ender troubles awoke
a dispute over which end of Humpty was broke!