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Politics : Mainstream Politics and Economics
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To: Sdgla who wrote (37278)1/8/2013 1:12:10 AM
From: Wharf Rat  Read Replies (2) of 85487
 
"Looks to me like 81 was a walk in the park... "

It was a magic season.



It also marked the start of an 8 period in which we quadrupled the deficit and tripled the debt.

The nominal national debt rose from $900 billion to $2.8 trillion during Reagan's tenure, an average national budget deficit per year of $237.5 billion, as compared to an average national budget deficit per year of $56.9 billion during Carter's tenure. The federal deficit as percentage of GDP rose from 2.65% of GDP in 1980, Carter's final budget year, to 3.04% of GDP in 1988, Reagan's final budget year. [49]
en.wikipedia.org
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