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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (117096)	11/27/2008 4:53:32 PM
From: GuinnessGuy	Read Replies (1) of 132070

Skeets, you wrote- "the credit bubble started by greenspan under clinton and accelerate by the bushevics may well destroy our nation." Kinda tough to pinpoint where something like this debt bubble started...you need to define some sort of threshold first. But after reading this Soros article, he makes a good point that the the first real discontinuity in debt buildup occurred under Reagan. nybooks.com And here's a nice graph of percentage of debt vs GDP from Truman to the present: zfacts.com Reagan came to power claiming the trillion-dollar national debt was the country's central problem. He then proceeded to double it. So it's double-think all over again. I'll have to read 1984 once more, then again, maybe not. After all, I seem to be living it these days. <ng> craig

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