[MD] Dynamic Development at all costs?

[pholden at davtv.com]

Quoting Arlo Bensinger <ajb102 at psu.edu>:

> [Platt]
> The true "lying bitches," fools and fear-mongers are leftists like 
> Krimel. The U.S. debt as a percentage of GNP is actually less now 
> than under presidents Roosevelt, Truman and Eisenhower and has barely 
> increased at all under the Bush administration.
> 
> [Arlo]
> Please see the debt-GDP chart provided at Wikipedia.
> 
> http://en.wikipedia.org/wiki/Image:US_Public_debt_per_GDP_1791-2006.svg

Please see the debt-GDP chart at wiki that tells a somewhat different story:

http://en.wikipedia.org/wiki/U.S._public_debt


> You will see that from WWII to 1980, the ratio steadily decreases (a 
> good thing), but that beginning in 1980, the ratio increases non-stop 
> until about 1994, where it decreases somewhat until 2000, when it 
> begins to grow once again.
> 
> That is, since Raygun took office, the percentage of our debt to GDP 
> has increased quickly and without stopping, except for during the 
> Clinton years. Under Bush Jr., the ratio has again increased.  And I 
> don't know what you mean by "barely increased" under Bush, but if you 
> look at the chart, you see that its at least 5% points, which is not 
> insignificant. But true, compared to the lunacy of the Raygun and 
> Pappy Bush years, Bush Jr.'s increase is lesser, I'll give you that.
> 
> When Carter left office, this ratio was at about 38%. By the end of 
> the Raygun years, it was about 58%, and by the end of Pappy Bush it 
> was pushing 70%.
> 
> Although it continued to rise in the early Clinton years, when 
> Clinton left office it had been reduced to around 58%. Under Bush Jr. 
> it is back up to 63%.
> 
> So I am not sure what point you had in bringing this ratio into it, 
> but it certainly is evident under which recent presidents this ratio 
> has improved, and under which it has worsened.

What is shows is the hysteria about the national debt is phony-baloney.





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