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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (172006)	7/18/2003 7:29:36 PM
From: TimF	Read Replies (2) of 1576912

Those are the facts. The speculation is about what the results of those facts would be. Also even the meaning of the facts can be disputed. "largest deficits in history". We will keep having these again and again. It the budget moves to balance or surplus then the next round of deficits (and they almost will be more deficits even if we balance the budget again) will probably be the "largest in history", when you measure them by quoting a dollar number. The dollars are worth less then they used to be worth, and also the economy is bigger so the deficits are smaller compared to the economy. The deficits are big even when measured by the more reasonable standard of % of GDP but they aren't the biggest in history, not even close. highest unemployment in more than a decade. I thought it was in 9 years. Well it doesn't matter. I don't know that you are wrong and even if you are making a big deal about it would be quibbling. However the unemployment rate is not that high by historical post WWII standards or compared to the average rate in my life time (I was born in 68), and it isn't a lot higher then the rates that occurred more then once during the last decade. Tim

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