Quote:
Originally Posted by piece-itpete
So you run a surplus, but go further in debt. You are absolutely right, I DON'T understand it. Hence shell game.
Pete
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That chart isn't adjusted for inflation. When you do that here's what you get:
Inflation Adjusted Increase/Decrease In National Debt
1982-1985 Reagan +49.0%
1986-1989 Reagan +40.2%
1990-1993 Bush +32.7%
1994-1997 Clinton +13.2%
1998-2001 Clinton -0.2%
2002-2005 Bush +22.8%
The source for this didn't have Bush's second term.
This is interesting too:
1978-2005 Dem - Fed Spending +9.9%, Fed Debt +4.2%, GDP +12.6%
1978-2005 Rep - Fed Spending +12.1%, Fed Debt +36.4%, GDP +10.7%
So with Republican government since 1978 you get more spending, more debt and less growth.
Here's a graph I really like. :eek The upper block is debt in trillions of dollars. The lower block is debt as a percentage of GDP.
John