🚀 go-pugleaf

>>>>> Yabba Dabba Dude writes:

   Yabba> In <rayD03JIE.EMn@netcom.com>, ray@netcom.com (Ray Fischer)
   Yabba> writes:
   >> In article <D03AD2.KHs@mcdata.com>, Yabba Dabba Dude
   >> <fredw@mcdata.com> wrote:
   >>> dnh@mfltd.co.uk (Des Herriott) writes:
   >>> William_Mosco@vos.stratus.com (Bill M.) writes:
   >>> lewis@lumina.mitre.org (Keith Lewis) writes:
   >>>> fredw@mcdata.com (Yabba Dabba Dude) wrote:
   >>
   >>>> [ what great things did Reagan achieve? ]
   >>>> 
   >>>>> * Greatest economic expansion since WWII.  FACT
   >>>
   Bill> Without trying to balance the government's budget; an
   Bill> unlikely thing to come out of a republican white house.  his
   Bill> was a first, and out of the norm when dealing with government
   Bill> and economics; it was irrational.
   >>>  Reagan has the best record of economic indicators for ALL
   >>> post-war Presidents.  Boy, I see your point, this is
   >>> irrational!
   >>  BFD.  Making the economy _look_ good by borrowing
   >> $3,000,000,000,000 and distributing it among the already wealthy
   >> is no great trick.  You can do the same.  Just run up your
   >> credit cards.  Of course, the bill will come due eventually.  In
   >> the case of the national debt, it's now about $20,000 per
   >> person.  This year about $1000 of your tax dollars will do
   >> nothing but pay interest on that debt.

   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.

ah

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 I couldn't help but be impressed by the magnitude of the earthquake.
       -- Ex Vice President Dan Quayle, stepping out of
          the helicopter upon arrival at Alameda Naval Air
          Station.