SpidermanTuba
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- Banned
- #1
We've had worse
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Having a case of the clap isn't that bad if you compare it to having a stroke. Sort of like the National Debt.
The problem with the graph is that it doesn't included the massive unfunded entitlement liabilities that the government does not properly accrue.
The problem with the graph is that it doesn't included the massive unfunded entitlement liabilities that the government does not properly accrue.
It includes the IOU's in the SS trust fund.
The problem with the graph is that it doesn't included the massive unfunded entitlement liabilities that the government does not properly accrue.
It includes the IOU's in the SS trust fund.
Take a look at the properly prepared financial statements.
The real liabilities dwarf the budget gimmick version you posted.
Having a case of the clap isn't that bad if you compare it to having a stroke. Sort of like the National Debt.
So what did all that debt under Truman do to the U.S. that was bad?
No. The graph I posted includes intragovernmental debt. It represents all obligations issued by the treasury.
Your graph is NOT UP TO DATE. Extend Obama's line up to 94% for 2010 and then look at it again.
(1) you are not understanding the difference between borrowing to produce productive machinery to win WWII or defeat the USSR and spending in on entitlements and non-productive transfers.
Where does entitlement money wind up? Not in the economy somehow? Does it just vaporize?
I can see you are unfamiliar with certain economic concepts. Instead of lecturing you, I will ask you a famous thought-provoking question from Freshman economics class:Your graph is NOT UP TO DATE. Extend Obama's line up to 94% for 2010 and then look at it again.
Ok. Still higher under truman.
(1) you are not understanding the difference between borrowing to produce productive machinery to win WWII or defeat the USSR and spending in on entitlements and non-productive transfers.
Where does entitlement money wind up? Not in the economy somehow? Does it just vaporize?