On Sep 11, 2009, at 12:56 AM, Steve at Verizon wrote:
An 11.4 Trillion National Debt represents government living wayyyyyy beyond its means.
Nonesense. What are you comparing that number to? Your pay check? Properly you look at it as percent of GDP. A proper analysis is here: http://zfacts.com/metaPage/lib/National-Debt-GDP-L.gif
The chart shows that the national Debt was MUCH higher in the 40s and 50s. You should also note that the USA survived the 40s and 50s just fine.
This chart also shows that the run up in the National Debt was inherited by the current administration and that they have increased it by just a tiny amount. When you consider what a mess they are up against that increase is perfectly reasonable. The alternative would be far worse. The best way to pay down the debt is to get the economy going again. Note that Clinton did precisely that.
You just do not have your facts straight and your analysis is piss poor. ************************************************************************* ** List info, subscription management, list rules, archives, privacy ** ** policy, calmness, a member map, and more at http://www.cguys.org/ ** *************************************************************************
