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OT A place where liberal politics and yachting collided
"Marion Clover Hooper" wrote Ya think that in the 1940s, when "war bonds" were being sold in every movie theater and post office in America, and there was strict rationing of butter, meat, gasoline, and rubber, that maybe the federal deficit was a bigger problem for Americans back then? No, for several reasons you choose to ignore. First, we owed that money to ourselves via the war bonds you mention, and paid the interest to oureslve, not foreign bankers. Second, we were paying much of the war cost as we went. That's why there was rationing. BTW you forgot sugar. ..... You're an idiot or a liar if you don't realize something that obvious. Raw numbers are what the Bush-haters use to trick the gullible, but it's a completely dishonest way to measure the deficit. Talk about gullible and dishonest. You'd rather compare deficits as a percent of depression-level GDPs to boom GDPs than use dollars? But even percentages prove that Reagan ran up, and Bush is running up far bigger deficites than any Democrat since WW2. RR borrowed from international banks at usery so he could throw a big party for the Homer Simpsons among us - a party that made him immensely popular with folks like you -but it's hardly what I call fiscally conservative - I call it FNA irresponsible! The fact remains that we went from a 2.5% surplus to a 4.5% deficit in Bush's first 4 years! But next year's gonna be better? Bwahahaha! Only is we put Bush in the unemployment line. 1930 - 2005 FEDERAL DEFICITS(-) AS A PERCENTAGE OF GDP 1930 0.8 1931 -0.6 1932 -4.0 1933 -4.5 1934 -5.9 1935 -4.0 1936 -5.5 1937 -2.5 1938 -0.1 1939 -3.2 1940 -3.0 1941 -4.3 1942 -14.2 1943 -30.3 1944 -22.7 1945 -21.5 1946 -7.2 1947 1.7 1948 4.6 1949 0.2 1950 -1.1 1951 1.9 1952 -0.4 1953 -1.7 1954 -0.3 1955 -0.8 1956 0.9 1957 0.8 1958 -0.6 1959 -2.6 1960 0.1 1961 -0.6 1962 -1.3 1963 -0.8 1964 -0.9 1965 -0.2 1966 -0.5 1967 -1.1 1968 -2.9 1969 0.3 1970 -0.3 1971 -2.1 1972 -2.0 1973 -1.1 1974 -0.4 1975 -3.4 1976 -4.2 1977 -2.7 1978 -2.7 1979 -1.6 1980 -2.7 1981 -2.6 1982 -4.0 1983 -6.0 1984 -4.8 1985 -5.1 1986 -5.0 1987 -3.2 1988 -3.1 1989 -2.8 1990 -3.9 1991 -4.5 1992 -4.7 1993 -3.9 1994 -2.9 1995 -2.2 1996 1.4 1997 -0.3 1998 0.8 1999 1.4 2000 2.4 2001 1.3 2002 -1.5 2003 -3.5 2004 -4.5 (estimate) 2005 -3.0 (estimate) |
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A place where liberal politics and yachting collided | ASA |