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Originally Posted by Mavdog
put this in perspective.
four of the top 5 deficits in our nation's history have occurred in the time period from 2003 to 2006. hmm, whose budgets were those?
they add up to a staggering $1.5 trillion in debt.
thats TRILLION. in just four years mind you!
the problem is there are now about 8 of these budgets, for a total increase in the national debt of over $2 Trillion.
so are you going to still boast about the reduction of the deficit this year to "only" $205 Billion?
do you have an idea of what the cost of carrying that debt is on an annual basis?
lt gov bonds are paying 5.040%.....
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Total numbers are not relevant. Break those down into debt/load per GDP.
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