Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: hmaly who wrote (128252)	11/11/2000 8:31:30 PM
From: Scumbria	Read Replies (1) \| Respond to of 1580020

Harry, Actually your memory is better than my reading skills. We both were wrong. The deficit was 710 billion at the end of 1980 and 2.05 trillion at the end of 88. I read the wrong column. You are confusing terms. The numbers in your quote are the accumulated national debt. The deficit is the annual difference between spending and receipts. Notice that at the end of 1981, the national debt was $785 billion. It was at this time that the first Reagan budget kicked in. Over the next 12 years, the debt grew to $3.2 trillion, which was an increase of 400%. 1994 was when Clinton's first budget kicked in, and since then the debt has increased to $3.6 trillion, which is an increase of only 10%, despite the fact that we are paying $300 billion a year in interest payments. In other words, Clinton's net budget for the past 8 years would have been in the black, if it wasn't for the horrendous legacy of debt left behind by Reagan/Bush. Scumbria