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To: biometricgngboy who wrote (15192)11/19/2003 10:26:45 AM
From: GraceZRespond to of 306849
 
History contradicts Mr. Rubin.

After the 30% record we reached during WWII the next record budget deficit peak as a percentage of GDP was back in 1983:

house.gov

Interest rates peaked in 1981 and dropped for the next twenty years. They started dropping even as the deficit was making new highs as a percentage of GDP and in nominal terms.


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