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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: jttmab who wrote (140780)	7/18/2004 9:48:53 AM
From: Neocon	Read Replies (1) \| Respond to of 281500

I see only one number definitely quoted for 2000, but if you are disputing it all, it hardly matters. I used a textbook from Prentice Hall, but it may be shaky, I cannot say. The debt burden remained relatively high until the seventies, as a percentage of GDP, yet the '60s remained a boom period, and the '70s brought recession and stagflation. This has nothing to do with the stimulative effects of WWII. No, there is no strict linear correlation, but the more national income grows, the more means we have to pay the debt without raising tax rates. Even when government spending affects GDP, there are multiplier effects and, all things being equal, there is an increase in revenue. I think we have been off topic enough, so I will not try to solve the pie chart mystery.