Then the Reagan admistration happened, and everything changed.
Draw your own conclusions.
.
Tuesday, January 18, 2011
Debt After WW II
In comments, Steve wonders how public debt as a percentage of GDP was able to shrink in the post WW II years. The answer is that GPD simply grew much faster than the public debt, during that time frame.
Then the Reagan admistration happened, and everything changed.
Draw your own conclusions.
Then the Reagan admistration happened, and everything changed.
Draw your own conclusions.
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4 comments:
Following Reagan, the only increase in separation between GDP and Debt is during the Clinton years. I guess that tells you a little bit about the difference between republicans and Democrats when it comes to handling the economy.
Actually, Jerry, it tells you a lot.
Cheers,
JzB
Jazzbumpa,
And if you look at the deficit, you'll see an even greater difference between Dems and Republicans.
nanute -
I have many posts highlighting the superiority of Dems over Reps, by almost any metric you can think of.
Here is an example.
Wander through my archives, and you'll find a lot more.
Cheers!
JzB
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