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To: Black Republican for Bush
"And don't forget, Reagan had big deficits too, but our deficit is only 1.9% of GDP right now, where as in the 80s it averaged over 4%."

That's a meaningless statistic.
143 posted on 01/19/2007 7:23:44 AM PST by EnochPowellWasRight
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To: EnochPowellWasRight

The budget deficit as compared to the GDP is not a meaningless statistic. Are you saying that if the deficit were 20% of GDP instead of the current 1.9% that it would make no difference? Not a single economist would agree with you there. Economists have said that a sizable deficit is manageable when an economy experiences strong growth. And we've had strong growth over the last 3 years. Our deficit has decreased by over 150 billion over the past two years, and the fact it is only 1.9% of GDP is a significant stat indeed.


165 posted on 01/19/2007 5:30:59 PM PST by Black Republican for Bush (Never trust a democrat with foreign policy.)
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