Quote:
Originally posted by baltassoc
Correct so far.
That's what it purports to be
The two preceeding sentences seem to be contradictory, but the second one is correct.
Not according to the graph. Perhaps you or the graph are mistaken. Would you like to give some sort of basis for your assertion? The more interesting figure to me, at any rate, is the percentage of the current debt represented by the black bar: the leaders who incurred that debt are long dead. The leaders of today were at best children and likely even unborn when that debt was incurred. Yet we're still paying it off.*
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This graph is almost certainly wrong. If the current debt is around five trillion that means twenty percent is one trillion. We did not spend a trillion dollars on WWII. I don't think we even came close to spending a trillion dollars on WWII. I think I remember that the debt was 140% of GDP when the war finished. But whatever that number is today, it is not close to a trillion.
And like I said, if the graphs predictions of how much Bush will be spending up to 2009, I am pretty sure Bush IIs combined debt would greatly exceed all the debt that came before him. Either the graph is wrong, or we don't know whay it is trying to say.
