Originally posted by DanS
Hmmm... There seems to be something weird going on here with your source. I remember that Reagan's deficits were something like 6% of the economy at their worst, but the accounts you reference show 4.71% at its worst. Could be the fiscal year/calendar year difference, I guess.
Hmmm... There seems to be something weird going on here with your source. I remember that Reagan's deficits were something like 6% of the economy at their worst, but the accounts you reference show 4.71% at its worst. Could be the fiscal year/calendar year difference, I guess.
BTW are you aware that the IMF is forecasting a deficit (using the net lending definition) of 6% of GDP for the US this year? (and 5.6% in 2004)
Originally posted by DanS
Some individual years make Bush look like a spending increase amateur. The '50-'51 increase was 4.6 percentage points, immediately followed by another 3.4 percentage point increase in '51-'52!
Some individual years make Bush look like a spending increase amateur. The '50-'51 increase was 4.6 percentage points, immediately followed by another 3.4 percentage point increase in '51-'52!
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