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

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

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

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02-15-2011, 10:46 AM

#10

Schneed10

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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 CRedskinsRule

Also, I first meant that chart as a response to dmek's note about Bush's spending, and I am pretty confident 400Billion in 2003 was roughly equivalent to 400Billion in 2011.

Nope, $400 billion today is equivalent to $328 billion in 2003's dollars.

There's been 8 years worth of inflation since 2003, about 2.5% per year.

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