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


To: longnshort who wrote (754943)11/27/2006 12:44:17 AM
From: RMF  Respond to of 769670
 
It's better to use GDP rather than GNP. GNP represents profits to the U.S. from production ANYPLACE in the world. If I hire kids in Indonesia to make shoes for me and I profit a million bucks off their labors it adds $1 million bucks to GNP, but it doesn't do anything for GDP.

The ratio of National Debt to GDP dropped pretty much every year between the early '50's to 1981. From 1981 to the mid '90's it rose dramatically. Then during the later Clinton years it dropped again. Since early in the Bush Administration it has been rising dramatically again.

This information came from the "Whitehouse. Gov" website.