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To: Lord_Calvinus; rurgan; Just mythoughts
Throwing numbers around doesn't make sense with out context.  As you can see our debt to gross domestic product hovers in the low to mid 60% range over time. It is also noticeable that 2000-2002 were significantly lower, indicating the results of the former dot-com boom and the effects of 9/11.  But the real thing to notice is that Bush's highest ratio is 65% and it only occurred one time while Clinton, my, my, my, had 66-68% for six of his eight years in office. 

Links to government sites where I got this information:

http://www.treasurydirect.gov/govt/reports/pd/mspd/mspd.htm

http://www.bea.gov/national/nipaweb/TableView.asp#Mid

 

GDP TO DEBT

 

24 posted on 02/26/2008 10:06:31 AM PST by HawaiianGecko
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To: HawaiianGecko

The debt to GDP ration is simply indicative that it should have been much easier for Bush to balance a budget or (gasp) have a surplus than Clinton. It is also a reflection of how Clinton did it: by stifling the economy with taxes.

Bush did the RIGHT thing by following Reagan: lower taxes. However, he did the wrong thing by not controlling spending.


28 posted on 02/26/2008 10:26:38 AM PST by Lord_Calvinus
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