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Amount of debt accumulated by each president!

Started by sledgehammer
about 14 years ago
Posts: 899
Member since: Mar 2009
Discussion about
Response by maly
about 14 years ago
Posts: 1377
Member since: Jan 2009

We just need to lower the taxes more on our beloved job creators, and all will be fine.

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Response by huntersburg
about 14 years ago
Posts: 11329
Member since: Nov 2010

So you aren't in favor of a progressive tax system?

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Response by jason10006
about 14 years ago
Posts: 5257
Member since: Jan 2009

Der is dees ting called eem-plation.

As my maid would say.

Debt as a percent of GDP was much higher than now during and after WW2.

Nominal debt is meaningless.

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Response by ab_11218
about 14 years ago
Posts: 2017
Member since: May 2009

hey, the bushes account for more then 50% now matter which way you adjust.... way to go dumb texans.

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Response by stevejhx
about 14 years ago
Posts: 12656
Member since: Feb 2008

Trickle-down.

Nominal debt <> meaningless. Because nominal debt is what leads to debt payments, although, as your maid says, nominal debt can be inflated away (and today's PPI seems to indicate that that's exactly what's happening).

The problem is that governments should be countercyclical: paying down debt in the Good Times, and incurring it in the Bad. St. Ronald and George II did exactly the opposite.

Which is why we're screwed today.

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