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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (239859)12/13/2013 6:55:17 PM
From: KyrosL  Read Replies (1) | Respond to of 542026
 
Absolute numbers are meaningless, given the inflation we had in the last three decades.

The only valid comparison is to give the debt accumulated by each president as a percent of GDP. Also, the Obama number is wrong, because it includes the fiscal year 2008 debt, which should be assigned to the second Bush term.



To: Steve Lokness who wrote (239859)12/14/2013 2:09:10 AM
From: bentway  Read Replies (2) | Respond to of 542026
 
Inflation-adjust those figures! Compare them to a percentage of the then-current GDP's, the only meaningful way to compare them.

davemanuel.com -(depressing inflation calculator) = $1 in 1980 = $2.84 in 2013

Now, get real. Reagan was an actor, a front man for corporate America who read scripts and did what Don Regan ordered..

en.wikipedia.org


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