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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (184475)	3/10/2004 10:56:46 PM
From: tejek	Read Replies (2) of 1572552

Us National debt is about 70% of GDP now. It was about 128% at the end of WWII and didn't go below current levels until the mid 50s. I couldn't find hard numbers for the Civil War but I think the debt level was even higher then as a % of the GDP then it was after WWII. After the Revolutionary War government debt was also very high but I have no solid figures for it an a lot of it was state debt. Who cares what it was at after the Civil War? Look what's happening to it now thanks to the GOP. Its shocking what the GOP is doing to this country. Reagan porked at the trough. And Bush has resumed the porking where Reagan left off. If you doubt what I am saying, check out the graph at the site linked below. What are you all trying to do....destroy this country? ******************************************************* <font color=brown>National Debt as a Percent of GDP The History The national debt peaked at 120% of GDP in 1946 due to the war effort, but Roosevelt, Truman, Ike, Kennedy, LBJ, Nixon and Carter all did their part to bring it back to pre-war levels, 32.5% by the beginning of 1981. Then, Reagan took office. The debt took off, rising non-stop for 12 years to 66.3% at the end of Bush's term, erasing 25 years of progress. Clinton stopped the bleeding in just three years and then dropped the debt from 67% to 57% in his last five years. Bush wasted no time in reversing this progress and is now forecasting that he will achieve the highest ratio of debt to GDP in 50 years—if we re-elect him.** Whose Numbers? The data plotted here were taken from the Historical Tables of the 2005 budget posted on www.Whitehouse.gov, Table 7.1, Gross Federal Debt as a Percentage of GDP. zfacts.com

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