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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (435789)7/30/2003 11:24:56 AM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
Re: "...we grew out of them."

>>> We never 'grew out of them', particularly when all governmental obligations are considered.

>>> As the US Treasury Dept. reported, using GAAP numbers, the official annual deficit for 2001 would have been 1/2 trillion dollars.

>>> The accumulated national debt when divided up by the total US population - just for comparison purposes - is around $250,000 for every family in the country... and still climbing.



To: Neocon who wrote (435789)7/30/2003 12:12:28 PM
From: Kenneth E. Phillipps  Read Replies (3) | Respond to of 769670
 
During the Clinton years, the national debt grew slower than GDP. In real terms, the debt declined during the Clinton years. Under this Bush Administration, the debt is growing faster than GDP.


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