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To: Lazlo in PA

Oh, Nancy Pelosi is absolutely responsible for her part in the budget blowout, but the person who signed those budgets is equally responsible.

With regards to “growing out” of the debt, I’m afraid that is an illusion caused by the enormous housing bubble and the apparent, but false, impression of wealth and prosperity it gave to the GDP numbers.

The plain truth is that, once you back out the growth of debt from GDP, the United States economy has been stagnant since 1983.


19 posted on 08/20/2011 5:08:29 PM PDT by icanhasbailout (Some people would believe Karl Marx was conservative if he had good hair and ran on the GOP ticket)
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To: icanhasbailout
The plain truth is that, once you back out the growth of debt from GDP, the United States economy has been stagnant since 1983.

So your blaming Reagan.

21 posted on 08/20/2011 5:33:44 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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