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Technology Stocks : All About Sun Microsystems

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To: upanddown who wrote (59368)	3/10/2004 8:41:12 PM
From: Peter O'Brien	Read Replies (1) of 64865

debt as a % of gdp is still not too bad at 65% currently. home.netcom.com The record high at the end of WWII is 120%. The trends are not encouraging though. Entitlements are the main culprit. They are actuarially unsound and will (by themselves) force the debt/gdp ratio to record levels in the next few decades. By the way, according to this data, FDR was actually the "biggest spender". The raw (unnormalized) federal debt rose over 1000% under FDR to about 0.25 Trillion (which was huge in 1945). ahherald.com Interestingly, the last president ever to pay down the debt over the course of his presidency was Calvin Coolidge. He cut the top marginal income tax rate to only 25% and ran a surplus each year of his presidency (paying off a significant chunk of the debt from WWI). Also, interestingly, the very high top marginal rates (~90%) that persisted for many years after WWII were ineffective at actually paying down the WWII debt as the raw (unnormalized) data clearly indicates.

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