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


To: sea_biscuit who wrote (570521)4/30/2004 12:10:31 PM
From: AK2004  Read Replies (1) | Respond to of 769670
 
You never answered my question if you know the difference between GDP and "Value"?

National debt is measured on Value basis by definition while GDP is only correlated with the "Value" of the Economy

Surely, a bright liberal like yourself know the difference and hence using intentionally misusing the numbers



To: sea_biscuit who wrote (570521)4/30/2004 12:32:18 PM
From: DavesM  Read Replies (2) | Respond to of 769670
 
Dipy,

One of us doesn't know what they're talking about. Let's see who:

USA GDP 2001: $10,100.8 B
USA GDP 2002: $10,480.8 B
USA GDP 2003: $10,987.9 B

seasonally adjusted
USA GDP Q1 2004: $11,447.8 B

increase in GDP 2001-2003 $887.1 B
increase in GDP 2001-q1 04 $1,362 B

bea.doc.gov

U.S. National Debt
Januray 22,2001: $5,728 B
March 30, 2004: $7,129 B

Increase in National Debt: $1,401 B

publicdebt.treas.gov

re:"Show me the actual figures. "Probably" won't cut it. You are so far off the mark that it is clear you don't know what you are talking about."

Recap:
You said: "What has happened in the last 3 years is that for every dollar increase in GDP, there has been a six-dollar increase in debt."
Message 20076600

I said: "As far as the National debt goes, its probably close to one to one."
Message 20077757