Quote Originally Posted by Byte Stryke View Post

Who in the fuck decided "deficit spending" was OK?
George Washington did at the urging of Alexander Hamilton. The Federal Government took all states outstanding debts at the end of the Revolution War and incurred a deficit to develop an international credit rating. Then the Federal government took loans out with various countries to use in development. Jefferson was adamantly against this plan, but Washington was essentially for developing a strong Federally centric Government. Hamilton also established the first Federal banking system and bank at the same time this was all happening.

So, the short answer to your question is: blame Alexander Hamilton.