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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (202638)	5/16/2009 3:16:01 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

I'm glad to see you completely deny your prior absurd comment that governmental debt (the green line) had returned to low levels by the 1950s. Clearly my chart has made at least this particular fantasy untenable. It took another few decades past that era to finally bring the governmental debt, incurred by 1930s stimulus programs and WW-II, down to size by growing the economy. During the entire period the Federal government funded stimulus programs, governmental debt rose - this should not come as a surprise to anyone. Once governmental spending was curbed after WW-II, governmental debt declined relative to GDP - but continued to climb in absolute terms. Any claim you make that 1930s era spending is responsible for the economic growth of the 1950 to 1980 period is your personal delusion alone which is not shared by others. Sadly you still stridently believe that personal and business debt declined during the Great Depression because of stimulus spending, instead being the result of debt destruction through bankruptcies and foreclosures. Debt was destroyed during the Great Depression, not repaid with WPA incomes for painting post office walls.