This bothers me about Obama....

LaxAttack09
Tue, 01 Apr 2008 14:32:07 +0000

Actually, no, LAX. Current US debt is $9.4 trillion; GDP $13.8 trillion; that calculates out to 68.1%. The debt is not flattening out as “projected” by the OMB (a projection which is incorporated into the graph you linked to) but instead is continuing to rise. The previous peak was 67.3%, early in the Clinton Administration before he had reversed the momentum of the debt runup under Reagan and BushI. Clinton had sliced 10% off that number before BushII took over. BushII has not merely reversed the gains of the Clinton years, he has driven the debt/GDP ratio to the highest it’s been since Harry Truman started paying off the debt we incurred in WWII, and it’s still headed up.



Those projections are for 2008. Last time I checked you can’t link me to any info about our 2008 GDP/debt right?