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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (17980)	2/23/2007 1:34:32 PM
From: RMF	Read Replies (1) \| Respond to of 71588

The trouble with always presenting things as a percentage of GDP is that GDP numbers are not a "static" or "ever growing" thing. If an individual planned his yearly budget on "current" income every year without taking into account past excesses or future contingencies that individual would be considered an irresponsible IDIOT. Is our TOTAL National Debt a smaller portion of our GDP than it was in 1980? Does your "percentage of GDP" argument hold up when you figure in the future costs associated with Baby Boom retirement?