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

To: RMF who wrote (69386)	3/5/2014 8:30:07 PM
From: TimF	Respond to of 71588

"Tripling something in 8 years" isn't even a trend. Its a meaningless point. Again triple a penny is three cents. Also its in nominal dollars. Nominal dollars is one of the most useless ways to compare deficits and debt from different periods. Percentage increase in nominal dollars is one of the few that is even less useful (except for periods where both inflation and real growth have been minimal). In real dollars there was no tripling, more like a doubling. As a percent of GDP much less than that. In addition to being a point with virtually no importance tripling in nominal dollars is also is a point of little relevance, since a tripling can easily be following a trend. The trend that was followed was the peak post WWII federal deficits, not in debt levels. Reagan not only made deficits "acceptable" He did no such thing, they were common and for many acceptable long before he was president.