Free Republic
Browse · Search
News/Activism
Topics · Post Article

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.

7 posted on 05/10/2006 3:34:18 AM PDT by Always Right
[ Post Reply | Private Reply | To 2 | View Replies ]


To: Always Right
no adjustments for inflation

Thank 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.)
[ Post Reply | Private Reply | To 7 | View Replies ]

To: Always Right
Considering you did no adjustments for inflation

Or 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
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


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