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Re: Obama and his new budget: Debt will surpass total US Economy
Quote:
Originally Posted by CRedskinsRule
Also, I first meant that chart as a response to dmek's note about Bush's spending, and I am pretty confident 400Billion in 2003 was roughly equivalent to 400Billion in 2011.
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See that's the thing, it isn't. When you factor in inflation there's a huge difference. The rate of inflation change since 2003 is roughly 18.5%. 400 billion then is ~474 billion in 2010.
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