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To: All

They’re right sadly. Saddled with 31 trillion? These crooks have destroyed America’s future. Anyone remember when there was a surplus? Reagan, Bush and part of Clinton?


4 posted on 10/07/2022 8:10:23 PM PDT by Karliner (Heb 4:12 Rom 8:28 Rev 3, "...This is the end of the beginning." Churchill)
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To: Karliner

Before that.

Reagan ended with $2.7 trillion in federal debt, $14 trillion in TCMDO (Total Credit Market Debt Outstanding), and a GDP of $5.3 trillion. Overall, a good position.

To see how healthy an economy is, multiply the GDP by 3.6. If that number is lower than the TCMDO, the economy is good.
If higher than the TCMDO, you are in recession/depression territory.

Compare that to today. A GDP of $22T and a TCMDO of $90T. In other words, we’re screwed.


11 posted on 10/07/2022 8:23:22 PM PDT by TheWriterTX (Trust not in earthly princes....!)
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To: Karliner

Granite covered dining halls. Big loans for queer theory degrees. Big loans for rewriting history to be the 1619 model instead of actually learning what history actually was.

Big loans for climate change hoax degrees....

Shall I go on?


16 posted on 10/07/2022 8:54:28 PM PDT by sauropod (Unbelief has nothing to say. Chance favors the preparbkmked mind.)
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