Obama and his new budget: Debt will surpass total US Economy

[CRedskinsRule]

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.

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"?