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Politics : Formerly About Advanced Micro Devices
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To: Joe NYC who wrote (131644)2/6/2001 7:58:13 AM
From: combjelly  Read Replies (1) of 1570842
 
"Did you calculate how much (if at all) would the budget be in deficit if we didn't have to pay the interest (at high rates) during Reagan years (to be consistent)?"

Umm, the debt going into the Reagan administration was at $800 billion compared to $3.6 trillion (I think) when he left office. The debt had gotten to some $6 trillion by the time Bush the First left. I don't think interest rates on the $800 billion was so high as to be a large component of the the deficit run up in those years. Could be wrong though.
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