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

To: GST who wrote (458541)9/14/2003 1:48:58 PM
From: Peter O'Brien  Read Replies (1) | Respond to of 769670
 
Today, the accumulated federal debt as a percentage
of GDP is roughly 65%.

That is still a reasonable level by historical standards.

The all-time high for federal debt as a percentage
of GDP was at the end of WW2. At that time, it was
120% of GDP (almost double what is it now, in relation
to the size of the economy).

However, if entitlement programs continue to grow
unchecked, then indeed we will exceed the all-time
high of 120% in the future.


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