"2.7182818284590..." <tangent1.57@[EMAIL PROTECTED]
> wrote in message
news:70cbb022-9fc9-433c-bc98-4295af3e33ba@[EMAIL PROTECTED]
> From: http://zfacts.com/metaPage/lib/National-Debt-GDP-L.gif
>
> According to this graph, the debt has went down precipitously since
> WWII under every administration, except Ronald Reagan, who
> aggressively increased it. Reagan increased the debt a *lot*, in
> both, absolute and relative terms.
>
> I was under the impression that Bush II out-did Reagan, but I see that
> Bush II did *not* outdo Reagan. I also didn't realize that Bush I
> engaged in deficit spending.
>
> What is your opinion of this data regarding Bush II's deficit spending
> data? I'm under the impression that some of the debt/deficit was
> *HIDDEN*, and that the Republicans did not factor in the money for the
> War. Does this data look accurate to you?
Just quickly looking at the graph, it looks reasonable.
One thing which the graph might obscure: the debt owned by the Social
Security Trust Fund. SS is running an extremely large surplus these days,
and unless you assume/hope the government will renege on that debt, it
should be counted.
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