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

To: Original Mad Dog who wrote (488491)	11/6/2003 7:18:14 PM
From: jackhach	Read Replies (2) \| Respond to of 769669

National DEBT: 12/31/1980 $930,210,000,000.00 > Carter leaves behind 12/31/1992 4,064,620,655,521.66 > Reagan/Bush I leaves ...rate of inflation = 3.1% during 12 year period allowing for "real" increase to period ending $1,341,791,349.00. So what we experienced, despite the amazing GROWTH, the USA had to borrow money at a rate equal to 4.22 times the rate of inflation or at a rate of 13.08% annually, compounding. That's supply side economics for ya'! This does not take into account that we had a 300+ billion budget deficit as well when Bush left. -JH