Quote:
Originally Posted by saden1
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.
 |
The chart I posted had the recessions and the deficits graphed against each other. I liked that reflection that the Government rarely has spent us out of a recession, which seems to be President Obama's basic premise on many of his speeches (I am sure many Republicans have said similar things since 2000).
The question I asked was simply a sarcasm aimed towards the trillions of dollars we have spent that were supposed bring us out of recession, along with a heavy dose of my cynicism towards big government.
Your chart tells a very different, and more bleak, picture, IF De Tocqueville is to be believed.
Quote:
|
Originally Posted by Alexis de Tocqueville
The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
|
by your chart, up until the 1940's the Federal debt as a pct of GDP was normally well under 50%. Since the mid 40's our debt even at it's lowest points were higher,or close to, then the highest debt the period from 1800 to 1930. And as we add a trillion plus per year, it would look to be that we are going to hover well over 100% of GDP for the next several years.
What do you think earmarks are, other than "bribing the public with public money"?