To: wotan
Time span of U.S. debt accumulation:
--- 213 years for the first $3 trillion (1776 to1989)
--- 10 years for the second $3 trillion (1989 to 1997)
--- 5 years for the third $3 trillion (2000 to 2005) Considering you did no adjustments for inflation, those numbers are meaningless. A $5000 car in 1989 would cost you $10,000 in 2000.
To: Always Right
no adjustments for inflationThank God for inflation. Without it, there might be actual financial problems in the world.
8 posted on
05/10/2006 3:36:25 AM PDT by
Glenn
(There is a looming Tupperware shortage. Plan appropriately.)
To: Always Right
Considering you did no adjustments for inflationOr population. General Motor's probably started with something like 1 thousand dollars in debt and today probably has billions -all in less than 100 years. Shocking.
11 posted on
05/10/2006 3:38:58 AM PDT by
Raycpa
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