[wideawake]

According to the Treasury Department, from 1776-2000, the first 224 years of U.S. history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions, but in the past four years alone, the Bush administration borrowed $1.05 trillion

Lucky for you, you don't understand math or money.

$1T today in 1920 would be $50B.

The national debt in 1920 was about $26B.

Of course, the taxpaying population in 1920 was a third of what it is now and tax revenue as a percentage of income was much lower.

But why discuss facts when hysterics are the order of the day.

Did you know that Americans took out more in automobile loans in 2004 than all Americans combined between 1776-1920? It's a fact. We're doomed.

[flashbunny]

"Lucky for you, you don't understand math or money.

$1T today in 1920 would be $50B."

Bzzt, sorry, wrong answer.

http://www.westegg.com/inflation/infl.cgi

"What cost $50,000,000,000 in 1920 would cost $535,216,317,247.55 in 2005."

Don't worry, you were just off half a trillion dollars...