Employment by government debt

The employment to population ratio rose after Reagan because more people have to work to make the interest payments on Republican borrowings, with the exception of Clinton. Republicans borrow abroad and fund current expenses of government, they have been unmitigated Keynesians for 30 years.

We are now broke because Republicans borrowed up the Wazoo (a town in China). The Tea Party knows this debt started with Reagan. The Clinton difference was that we borrowed from foreign sources to develop the next level of technology in the private sector, unlike Republicans (and Yglesias) who always see government as the path to growth.