🚀 go-pugleaf

>>>>> 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.

   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?

ah

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I love California.  I grew up in Phoenix, Arizona.  A lot of people
 forget that.
                -- Ex Vice President Dan Quayle.