Evelyn Guzman
Debt Challenger

Nominal and real debt in USD is in itself not really important.
A worker with 100,000 USD debt is in trouble, and he’s insane if he adds another 20,000 USD debt to it.
An income millionaire with 100,000 USD debt is in no trouble, and it’s not terrible if he adds another 20,000 USD debt to it.

The GNP – best single-variable description for the state’s income potential – IS important in such affairs.

When Clinton was President, the GDP sky-rocketed because Congress was too busy impeaching him to bother us. They left us the hell alone, and the country did great.

After the Dot-Com bubble burst, and all the big companies began to off-shore jobs, the GDP tanked. If the National Debt had stayed level, or even gone down, the graph would be pretty much the same because of the changes in GDP.

When I was in high school, I grew six inches in two years, while my weight changed very little. If you divided my weight by my height and graphed it, it would have appeared that I had lost weight.

THE WORST EVER…
… UNIMPEACHABLE?

It certainly seems so…
… How can Americans call themselves Patriotic Americans and turn their backs on the Rule of Law, favoring the Rule of Men? Isn’t that an act of unamerican, unprincipled proportions? It’s not only wholly unimagable for Americans to think, “It doesn’t count if it’s America” but completely undefensible on it’s face, as American Democracy rose up in that fight FOR the Rule of Law to REMAIN supreme!

NO MAN IS ABOVE THE LAW…
… Except Jesus. Right Darryll?

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on google..
and do your very, very best to save your money everybody..

and I mean everybody..

good luck to you..

We’re Number One!! We’re Number One!! We’re Number One!!

U S A !!! U S A !!! U S A !!!

Ooops. Sorry.

I guess this “record” is nothing of which an American citizen can be proud.

And just think, almost half of this “record” federal deficit occurred during the Bush/Cheney administration and when Republicans controlled Congress…which flies in the face (and sanity) of Republicans somehow being “fiscal conservatives.” No, they are just thieves, especially since the Bush/Cheney administration and Republicans controlling Congress were handed budget surpluses by the outgoing Clinton/Gore administration in January 2001.

Bush/Cheney and all Republicans should hang their heads in shame…while they all go admit themselves into prison for a nice, long incarceration far away from the rest of us or some other type of institution for treatment and observation.

Especially since they drove up the national debt on purpose.

You tax the people and then spend the money on delivering services to the people.

Can you imagine the state of the country under Bush/Cheney if we didn’t barrow trillions of dollars? I hope everyone had a good time during the last 8 years, because all the credit cards are topped out. I don’t know anyone who got a chunk of this, but you know somewhere there are Loyal Bushies who are set for generations, their great grand children will not have to ever work. I guess this was God’s vision for America.

Sven Ortmann Says:
Keep in mind the graph shows the percentage national debt/GNP and the presidents.

It does not show the absolute size of the debt (falling curve is NOT necessarily a reduction in debt), nor does it show the majorities in the Congress

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Good points, Sven. Thanks for raising them.

It does not show the absolute size of the debt (falling curve is NOT necessarily a reduction in debt), nor does it show the majorities in the Congress.

It’s actually much better to look at the percentage than to look at the nominal debt, but the lacking information about Congress majorities (Congressmen have much responsibility for budgets, after all) is a weak spot.

Btw, it’s remarkable that the graph is falling in the Vietnam War period.

http://www.wilytrax.com

Badmoodman Says:
National debt passes $10 trillion.

- – The famous mathmetician Karl Rove claims, “deficits don’t matter.”

I believe that this line is attributable to Darth Cheney, not KKKarl.

I know, tomay-to, tomah-to.