"Joe" wrote in message
news

It's all relative Neo-boy.

You're right, it is all relative.
Relatively speaking our debt is lower now than it was throughout the 90's.

Let's see what you're basing that on...

It's all relative Neo-boy.

You're right, it is all relative.
Relatively speaking our debt is lower now than it was throughout the
90's.

Let's see what you're basing that on...


Percentage of debt to GDP.

Percentage of debt to GDP.

Bow-gus!

In billions of dollars:
1997 GDP: 8,318.4
2002 GDP: 10446.2

Compare that to the national debt for the same years. It's close, so use a
calculator.

While the difference is slight, the current debt is *higher than*, not *less
than* the debt to GDP ratio in 1997.

GDP is a deceptive figure anyway, as it includes the appreciation of primary
residence real estate as some sort of actual wealth or economic production.
Planning to sell your house and live in a tent any time soon?
Subtract the appreciation of residential real estate, and watch the comparsion
skew right off the chart. We are way the hell out of whack from where we were
in the 90's.

When interest rates go back up to service the debt, those house prices will
take a mighty tumble. People will spend as much for a house as the monthly
payments allow. When a lot more of that payment is going for interest, guess
what has to give?

"Gould 0738" wrote in message
...

GDP is a deceptive figure anyway, as it includes the appreciation of
primary
residence real estate as some sort of actual wealth or economic
production.

Too abstract. You'd better use bigger crayons to explain this to the Homers.

"Gould 0738" wrote in message
...
Percentage of debt to GDP.

Bow-gus!

Check out the graph on GDP to debt ratio.
http://www.ustreas.gov/press/release...2003charts.pdf


In billions of dollars:
1997 GDP: 8,318.4
2002 GDP: 10446.2

That's a nice 26.28% increase isn't it?
The national debt rose by 14.29% in the same period.

That's a nice 26.28% increase isn't it?
The national debt rose by 14.29% in the same period.

Nice dodge. Got a Chrysler to go with it?
Do the math and get back to us.

Compare the national debt to the GDP in 1997.

Compare the national dept to the GDP in 2002.

Post your findings he____________

Nice dodge. Got a Chrysler to go with it?
Do the math and get back to us.

Compare the national debt to the GDP in 1997.

Compare the national dept to the GDP in 2002.

Post your findings he____________

Since your having such a problem figuring this out-

(In millions)
Source-US Federal Government

1997
GDP 8,185,200
Debt 5,369,694

Gross debt to GDP 65.6%

2002
GDP 10,336,600
Debt 6,137,074

Gross debt to GDP 59.3%

Class dismissed.

"Joe" wrote in message
...
Nice dodge. Got a Chrysler to go with it?
Do the math and get back to us.

Compare the national debt to the GDP in 1997.

Compare the national dept to the GDP in 2002.

Post your findings he____________

Since your having such a problem figuring this out-

(In millions)
Source-US Federal Government

1997
GDP 8,185,200
Debt 5,369,694

Gross debt to GDP 65.6%

2002
GDP 10,336,600
Debt 6,137,074

Gross debt to GDP 59.3%

Class dismissed.

Careful, Joe. You need to just swat the liberals around a little. If you
hit 'em too hard with your knockout blow right in the beginning, they
disappear and just start a new thread. Now, what fun is that?

"Joe" wrote in message
...
Nice dodge. Got a Chrysler to go with it?
Do the math and get back to us.

Compare the national debt to the GDP in 1997.

Compare the national dept to the GDP in 2002.

Post your findings he____________

Since your having such a problem figuring this out-

(In millions)
Source-US Federal Government

1997
GDP 8,185,200
Debt 5,369,694

Gross debt to GDP 65.6%

2002
GDP 10,336,600
Debt 6,137,074

Gross debt to GDP 59.3%

Class dismissed.



Be careful Joe, you don't want to go confusing them with facts. ;-)

Another stat, more important than the overall national debt, is the total
amount of debt held by the public.
It was 46.1% in 1997 and 33% in 2002.

From the CBO

"Businesses and the financial markets pay close attention to (publicly held
debt) it because of its impact on the economy. When the Department of the
Treasury sells securities--in effect, borrows from the public--that activity
absorbs resources that otherwise might be invested in the private sector"

http://www.cbo.gov/showdoc.cfm?index=3948&sequence=0