Our nation’s thirtieth president was the very great, totally underrated Calvin Coolidge (1923-1929).
Coolidge’s tremendously successful presidential tenure – resulted in what we now call the Roaring Twenties: “(T)he period of Western society and Western culture that occurred during and around the 1920s. It was a period of sustained economic prosperity….The United States gained dominance in world finance.…”
How did Coolidge get us there? With less government, natch.
Coolidge thought government – America’s comparably-microscopic 1920s governments – was way too overactive, overreaching, over-abusive and over-spending.
In 1924, he gave a speech on what he called the debilitating “stupendous sum” of total United States governments’ expenditures. All governments everywhere in America spent per year…$7.5 billion ($108 billion in today’s coin).
Get that comparatively tiny sum? Today’s Feds all by their onesies add more than that adjusted $108 billion – each and every day – to our $20+ trillion national debt. More