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- Go to Heck...What's Another Trillion Dollars???
the graph below
as you can see, the debt as % of GDP was a lot higher in 1942 than it is now or probably will be -- this was necessary in order to wage a Great War, for sure, but it put people to work, and you see it dropped considerably and kept on dropping until Reagan/Bush I, then dropped again under Clinton, then rose again under Bush II.
As I said in my blog, the choice (this according to all TOP ECONOMISTS) was to let the economy tank, or take on a massive stimulus plan that would indeed increase the debt.
Thus the question: would you rather have a national debt or a job? I believe a lot of jobs have been saved through the stimulus, and any ineffectiveness is due to not all the money having been funneled to more of the economy.
McCain would have done the same thing -- and I have a sneaking idea that you would have lauded him for it, just as you lauded Reagan and the Bushes for their spending policies.
posted by
Xeno-x
on December 24, 2009 at 12:49 PM
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see if this takes
posted by
Xeno-x
on December 24, 2009 at 12:39 PM
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Re: Re: Bush gave us the bulk of the debt -- and you're knocking Obama for a
son you'd rather be out of work than have the national debt
posted by
Xeno-x
on December 24, 2009 at 12:30 PM
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Re: Bush gave us the bulk of the debt -- and you're knocking Obama for a
Here's the facts........read em and weep....we are!
posted by
Corbin_Dallas
on December 24, 2009 at 3:11 AM
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Re: but Bush gave us the record debt for nothing
Hitting the sherry are we? This is one of your more stupid comments........
posted by
Corbin_Dallas
on December 24, 2009 at 3:04 AM
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but Bush gave us the record debt for nothing
well . . . for the Iraq debacle.
Obama is giving us the debt -- 1. to save our economy -- 2. to prevent unwarranted deaths.
debt -- or death -- which is it?
you'd go in debt to save your own life wouldn't you? Or would you just die instead.
posted by
Xeno-x
on December 23, 2009 at 7:04 PM
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Bush gave us the bulk of the debt -- and you're knocking Obama for a
fraction of Bush's thing. I will refer you to a blog of mine not too long ago that shows how debt skyrocketed to record levels under Bush.
posted by
Xeno-x
on December 23, 2009 at 7:02 PM
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