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Forum:
Politics
Category:
Taxes
Title:
Miscellaneous
Thread ID:
01458965
Message ID:
01459383
Views:
43
>>I didn't say the debt doesn't grow during Democratic administrations. It just goes up a lot less. (For some time while Clinton was in office, it was actually going down and looked like it might be wiped out). His first term was skewed the first year or two as we pulled out of a deep recession, the same thing Obama is going through now.
>
>You're confusing national debt with budget deficit. The national debt has existed since the 1800s and has increased under every administration since the late forties.
>http://www.brillig.com/debt_clock/faq.html
>
>The national debt has not been in danger of being wiped out since the 1800s. ;)
>
>FWIW, a much better gauge of the debt danger is not measured in total dollars, like the debt clocks measure, but rather as a percentage of GDP. In that regard, your statement regarding Republican administration increases is true since Reagan. It's also true that the ratio has not been as high as it is under Obama since Roosevelt/Truman. Note : We're only one year into this admin.
>

Yes. I will be greatly surprised if it is not the worst in terms of indebtedness.

Stupid mistake on my part re debt vs. deficit. You're right.
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