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To: RKV

That chart is worthless without an inflation adjustment. A dollar back in 1945 bought much more than a dollar today.


24 posted on 09/26/2009 2:42:54 PM PDT by VRWC For Truth (Throw the bums out who vote yes on the bail out)
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To: VRWC For Truth

The chart is % of GDP, not dollars. It compares the debt to the size of the economy.


40 posted on 09/26/2009 3:38:09 PM PDT by Squawk 8888 (TSA and DHS are jobs programs for people who are not smart enough to flip burgers)
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To: VRWC For Truth

You don’t know squat about economics. Nada. Zip. Zilch.
Read. The. Chart.
Percent of GDP has NOTHING to do with the value of the dollar. Specifically, the chart addresses ABILITY TO PAY. We had damned high taxes in the post war period so as to pay down the debt. That harmed economic growth. The good news is we got through it - for a lot of reasons, not the least of which is that we sold a lot of stuff to other countries whose factories were destroyed.


41 posted on 09/26/2009 3:54:25 PM PDT by RKV (He who has the guns makes the rules)
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To: VRWC For Truth

Au contraire. The chart is expressed in percent of GDP, not in dollars. It is thus inherently adjusted for inflation.


44 posted on 09/26/2009 4:13:35 PM PDT by Sherman Logan ("The price of freedom is the toleration of imperfections." Thomas Sowell)
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