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Politics : View from the Center and Left
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To: Lane3 who wrote (60066)4/19/2008 8:04:24 PM
From: KyrosL  Read Replies (1) of 543174
 
There have been 20 years of relentless and consistent increases of debt as a percent of GDP under Republican Presidents in the last 28 years. The only 8 years where the cycle has been broken were under Clinton.

20 years of consistent increases of the debt/GDP ratio, rain or shine, recession or boom, war or peace, without exceptions, are very telling. That's the forest.

Of course, you can hide behind the billion variables the economy depends on and argue about each ad nauseam. Those are the trees.

If Reagan or Bush wanted to, they could have reduced the debt/GDP ratio just as Clinton did. Heck, when W took over, Greenspan was worried Treasuries would become extinct.
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