This bothers me about Obama....

kluge
Tue, 01 Apr 2008 14:14:55 +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.

Anyone under the age of 50 has been royally screwed by the Republican economic policies of the past 30 years, unless they’re Paris Hilton or her economic peer.