View Single Post
Old 02-15-2011, 10:57 AM   #17
Schneed10
A Dude
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 46
Posts: 12,458
Re: Obama and his new budget: Debt will surpass total US Economy

Quote:
Originally Posted by saden1 View Post
LOL...and this chart is meaningful how? I mean, it doesn't even answer your own question which implies there's a huge disconnect in your thinking

This is a more appropriate chart because a billion in 1940 is not the same as a billion in 2011...I'm confidant you know this and are not as silly as your post.
This really is the best chart to look at because it expresses the debt as a % of GDP. The limitation is that the graph doesn't show what will happen in 2011 and beyond; Obama's budget is projecting the blue to spike above the 100 line, the only other time that happened was the 1940s and WW2.

Shortly following that time our economy boomed in the 1950s, but that was a different world. Economies are globalized now, the US has a great deal more competition than in the 1950s.

We won't be able to grow our way out of debt, we're going to have to do it through very hard spending cuts.
__________________
God made certain people to play football. He was one of them.
Schneed10 is offline   Reply With Quote

Advertisements
 
Page generated in 0.60297 seconds with 10 queries