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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (362859)	12/21/2007 12:58:24 PM
From: TimF	Read Replies (1) \| Respond to of 1573514

Nonsense. Both about the "no benefit" and esp. the idea that the borrowing will do more harm than the wage and price controls. As for the borrowing, Nixon also had deficits. They where smaller in dollar terms, but the dollar was worth more, and the economy was smaller. Nixon's deficit in his last year, was larger than Bush's will be in his last year as a percentage of GDP (Bush's biggest deficit was about the same size as Nixon's last/biggest by that measure). A couple of trillion dollars is a lot of money, but the GDP of the US over the 8 years of Bush Jr's presidency will be over $90 tril. Which doesn't make the additional $2tril a non-issue, but it does put it in some perspective.