Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: USA-FRANCE
--- "Let's not forget that America became an economic super-power based on WWII and based on that very policy of “influence”. Reagan was a master at it, and that's why I'm a profound supporter of Reaganism. Reganism crushed the communist Soviet mad-house. That made America even stronger."

Your claim about things is simply incorrect, historically. I do not accept your assertion that you are knowledgeable about Ronald Reagan and his administration. Why? You didn't bother to do your due diligence to support "Indeed, the 'high GDP to dept ratio' is a political choice Republicans and Democrats have always pushed for." They simply haven't. The GDP to debt ration for the Reagan years is as follows:

1981 -- 32.41 percent
1982 -- 35.83 percent
1983 -- 37.45 percent
1984 -- 41.32 percent
1985 -- 43.79 percent
1986 -- 47.55 percent
1987 -- 48.56 percent
1988 -- 49.73 percent
1989 -- 51.97 percent
--- So your assertion is incorrect, and not validated with actual facts. You say, "Historically speaking, countries with low GDP to dept ratio are generally bad in influencing others on the international stage in a durable and stable way..."

Reagan's history proves you are making assertions without having facts on your side.

Which brings me to Reagan's famous quote, which I think applicable to you for your "liberal' argument:

"The trouble with our Liberal friends is not that they're ignorant; it's just that they know so much that isn't so."
The Reagan years ran between 32 to 51 percent. Fact.

You say, "America has a high 123% GDP-to-dept ratio based on a bipartisan CHOICE. America wants to influence the world because its tends to be profitable...."

"Profitable" to owe nearly $33 trillion? You make a liberal's argument and you make it poorly.

194 posted on 08/26/2023 7:25:43 PM PDT by Worldtraveler once upon a time (Degrow government)
[ Post Reply | Private Reply | To 189 | View Replies ]


To: Worldtraveler once upon a time; All

“The ‘high GDP to dept ratio’ / The Reagan years ran from 32 to 52 percent. Fact.”

>>>>>>>>>>>>>>>>

Well thank you for proving my point!
A 20% uptick in only 8 years is massive, especially in those days.

It’s the percentage that counts. Obviously the general dept was lower 40 years ago though.

Also, here is what Trump himself said about dept:

In an interview on CNBC, “Donald Trump broke with tired clichés about the evils of federal debt accumulation”:

“I am the king of debt,” he said. “I love debt.”

And he replaced fearmongering about debt with this notion:
a bankruptcy of the United States federal government that would incinerate the world economy.

“I would borrow, knowing that if the economy crashed, you could make a deal,” . “And if the economy was good, it was good. So therefore, you can’t lose.”


221 posted on 08/27/2023 8:15:30 AM PDT by USA-FRANCE
[ Post Reply | Private Reply | To 194 | View Replies ]

To: Worldtraveler once upon a time; All

“The ‘high GDP to dept ratio’ / The Reagan years ran from 32 to 52 percent. Fact.”

>>>>>>>>>>>>>>>>

Well thank you for proving my point!
A 20% uptick in only 8 years is massive, especially in those days.

It’s the percentage that counts. Obviously the general dept was lower 40 years ago though.

Also, here is what Trump himself said about dept:

In an interview on CNBC, “Donald Trump broke with tired clichés about the evils of federal debt accumulation”:

“I am the king of debt,” he said. “I love debt.”

And he replaced fearmongering about debt with this notion:
a bankruptcy of the United States federal government that would incinerate the world economy.

“I would borrow, knowing that if the economy crashed, you could make a deal,” . “And if the economy was good, it was good. So therefore, you can’t lose.”


222 posted on 08/27/2023 8:15:34 AM PDT by USA-FRANCE
[ Post Reply | Private Reply | To 194 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson