🚀 go-pugleaf

In <AHALL.94Dec1125039@remus.cs.uml.edu>, ahall@cs.uml.edu (Andrew Hall) writes:
>
>>>>>> Yabba Dabba Dude writes:
>
>   Yabba> In <AHALL.94Dec1074033@remus.cs.uml.edu>, ahall@cs.uml.edu
>
>   Yabba> Hello.. RAY.. anyone home ?  If I run up my credit card, how
>   Yabba> much I'm in debt depends on my assets.  If I run up $10,000,
>   Yabba> but I have real estate worth 1 mil, big deal.  The GDP is a
>   Yabba> resonable indication of assets, and the deficit as a percent
>   Yabba> of GDP dropped during the 7 fat years from '83 to '89.
>
>   >>  So what?  What counts is what happened to the DEBT as a
>   >> percentage of GDP.  Guess what?  It skyrocketed.
>
>   Yabba> First of all, explain why DEBT % GDP is a better measure of
>   Yabba> the Reagan years as opposed to DEFICIT % GDP.  Second,
>
>You do not have to pay back the deficit, you have to pay back
>the debt.  Very simple really.

Yes, very simple when you think of the debt in simple terms.  Would
you care to explain to me when we will pay back the debt ?  You know,
I think there's some P51s from WWII that still have to be paid for.
Remember, the dollar is only a method of "keeping score".  We would
be in a heap of trouble if we didn't have the resources to back
some of the irresponsibilities that have occurred over the last 50 years.
I'm in the line of thinking that its not necessarily the amount of spending, 
but the fact that such a high percentage of the spending evaporates into
waste.

>   Yabba> "skyrocket" is a little strong and alot of bias.  I'm sure
>   Yabba> you have the same numbers as I do at your disposal.  So let
>   Yabba> me play with the numbers: From '87 to '89, the last 3 of the
>   Yabba> 7 fat years, the DEBT % GDP grew only slightly from 53% to
>   Yabba> 55.9%.  From '90 to '92 however, the increase was more
>   Yabba> dramatic from 58.7% to 69.5%.  Both the DEBT % GDP and
>   Yabba> DEFICIT % GDP jumped significantly after the Dem-Bush deal
>   Yabba> of '90, bringing the Reagan-Volker boom to an end.
>
>What was it in 1981?
>
Shall we continue this numbers game ?  In '81 it was at its lowest % since
WWII.  I guess this must indicate we had a great economy then, and that 
stagflation of the '70s never occurred.  And I guess the economy must have
been pretty bad between '45 and '63, since the DEBT % GDP was higher than
any time in the eighties.

Yabba