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To: Kevin Rose who wrote (421559)7/1/2003 8:47:50 PM
From: Peter O'Brien  Read Replies (1) | Respond to of 769670
 
% of GDP matters not?

When you apply for a loan,
isn't your INCOME (i.e., ability
to repay the loan) the primary
consideration?



To: Kevin Rose who wrote (421559)7/1/2003 8:55:23 PM
From: Peter O'Brien  Read Replies (2) | Respond to of 769670
 
You are comparing THIS YEAR'S projected $400B
deficit to the "total spent by the US during WW2"???
(i.e. 60 years ago!)

I'm sorry, but this is truly laughable.

Since Silicon Investor is also an investment site,
do you have any clue about the concept of a
"present value" calculation?

This year's deficit will be about 4% of GDP.
FDR's annual deficits during WW2 were about 25% of GDP.



To: Kevin Rose who wrote (421559)7/1/2003 9:04:41 PM
From: Peter O'Brien  Read Replies (2) | Respond to of 769670
 
And, if you want to talk about total debt:

At the end of WW2:
total debt was 120% of GDP
(i.e., 1.2x the size of the economy at that time)

Today:
total debt is about 60% of GDP
(only half of the level at the end of WW2,
when normalized for the size of today's economy)



To: Kevin Rose who wrote (421559)7/1/2003 9:30:56 PM
From: steve harris  Read Replies (1) | Respond to of 769670
 
Figures dont lie and liars figure.

Pretty bad post Kevin.

Try again.


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