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

To: RMF who wrote (42636)	4/8/2010 2:22:50 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Reagan made a BIG point of how much money that was. How much money and "tripled" are two entirely different points. "Tripled is meaningless" and "deficits don't matter" are two entirely different points that have essentially no connection with each other. Which would bother you more, an increase in the debt over the course of a year from a million to a billion (1000x), or an increase from 10 trillion to 11 trillion (1.1x)? I'd be bothered more by the 2nd, how about you? GDP is VARIABLE just like personal income. Not nearly as much. An individual may make twice or 10 times as much as he did the last year, or half or a tenth. The country grows or shrinks by a single digit percentage a year, with the overall trend being up.