Re: NBC: Generation Debt


SMBalloon wrote:
On Fri, 19 May 2006 21:41:27 -0500, "gumboman" <noemail@xxxxxxxxxxx>
wrote:

3. Do you really want to use Reagan? Let's start slow. What was the total
amount of accumulated public and private debt in November, 1980 and what is
the total amount of accumulated public and private debt today?

In 1980, the gross federal debt was 33.3% and the percent of debt held
by the public was 26.1%. In 2004, the gross federal debt was 63.7%
and the percent of debt held by the public was 37.2%.

But let's also look at some other figures so as to put things in
perspective. In 1980, inflation rate was 13.58%. The unemployment
rate was 7.18%. The misery index (inflation rate plus unemployment
rate) was 21.76%. In 2005, the unemployment rate was 5.08% and the
inflation rate was 3.39%. The misery index was only 8.47%. In 1980,
average 30 year mortgage rate was a whopping 13.74%. In 2005, it was
only 5.87%.

Which year do you think was preferable?

for the rich it don't matter. posing choose your poison questions
such as these aren't
doesn't make for a convincing aruguement in favor of the respective
president's economic
polices, does it.

-jim

.

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