re: #480 Barflytom

Total debt/GDP was about 50% at the end of Reagan’s second term vs about 100% today.
I won’t question your maths again, but I do wonder where you get your information.

here, i’ll give you a hint - i’m a nice guy that way

first, figure out what the real financing is that is required of the united states government to finance its debt, which as a total sum has never been paid down one dollar in decades. it’s called ‘interest payments’

and then look up on the internet what percentage of the federal budget has been devoted to debt service over the past 30 years or so. you will then see that this percentage was much higher after 12 years of reagan and bush than it is now. debt is not good, and we always have far too much, but it is hardly from worse than it’s ever been and it’s far from a crisis

by the kind of accounting that you have been propogandized with, every homeowner in the country with a 30 year mortgage is desperately broke and in danger of committing financial suicide