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Originally Posted by benj
Jeckyl Lets have some intellectual honesty here. The national deficit has nothing to do with national income. Our deficit is very low as a % of GDP, lower than in many years. Average personal debt should be so low. I hope you know that oil is down and the dollar is up (I'll bet EVERY economist says this to.). I'll bet EVERY economist will tell you that since GW's tax cuts, the amount of taxes paid by the RICH is higher than when Clinton was president, and income to the government is at an all time high. Do the math.
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Actually it is at the highest percentage of GDP since Ike, who was reducing it from Truman. But you are correct in the idea that Bush I almost had it as high as Bush II (Bush II finally beat his father last year). Here is a graph that shows it:
http://zfacts.com/metaPage/lib/National-Debt-GDP.gif
And here is the dollar index...which...like I said...looks kind of like an inverse of our gas prices...
http://blog.goldandoilstocks.com/upl...ces-704310.JPG
Why is it so hard to understand? If you drop the price, you increase demand. You can see the China demand here:
http://static.seekingalpha.com/wp-co...udeoil3_02.jpg
Do the math is not just something to throw out there, because I have been. You really need to calculate this because I have been.....
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