The graph the 
When you look at a graph of private sector indebtedness since 1950, you can see how the era of thrift really did collapse most profoundly in the last two decades – beginning in 1980 and growing fastest under George W. "Deficits Don't Matter" Bush. Under Bush public debt also went up again after a period of restraint in the Clinton-Gingrich years:
The Dish 
