111th Congress Added More Debt Than First 100 Congresses Combined

[Tsing Tao]

Quote from Petsamo:

Yea? It rose above 5% very briefly after 1989, and it stayed well below 5% thereafter. <a href="http://www.freesmileys.org/smileys.php" title="Smiley"><img src="http://www.freesmileys.org/smileys/smiley-taunt002.gif" alt="Smiley" border="0" /></a>

when was the calculation on CPI changed?

 

[Ricter]

Quote from Tsing Tao:

when was the calculation on CPI changed?

He doesn't get it.

 

[Range Rover]

Quote from Petsamo:


The big word there is proposes. Congress writes the bill and all the President does is either sign it or veto it.

Bush Jr's wreckage of Americas finances were caused by his tax cuts,his wars, and his medicaid expansion

I guess that was the democratic congress's fault

 

[Petsamo]

Quote from Range Rover:
Bush Jr's wreckage of Americas finances were caused by his tax cuts,his wars, and his medicaid expansion

I guess that was the democratic congress's fault

The Medicaid expansion was Bush's compromise with the Democrat Congress and I fault him for that.

Regarding additional expenditures, apparently you think Bush's first recession caused by the bursting of the internet bubble, 9/11, Katrina & Rita were all free.

 

[jem]

name the politicians in the last 20 years who served the majority of the country and not their cronies, bankers or backers.

 

[shortie]

historical debt needs to be adjusted for inflation and normalized by the population sizes in the respective years. without doing actual calculations myself, i would still bet that the headline is misleading.

 

[g222]

Another perspective on the the how, what, where, when and why behind all our debt:


www.bigeye.com/bankers.htm[url]

 

[Petsamo]

Quote from shortie:

historical debt needs to be adjusted for inflation and normalized by the population sizes in the respective years. without doing actual calculations myself, i would still bet that the headline is misleading.

You missed a lot that are significant.
The 111th outspent the 110th by 1.262 trillion.
There has been negligible inflation between the 111th and the 110th, and between the 111th and the first 100. You missed that inflation chart I posted.

 

[shortie]

e.g. 5% inflation compounded over 100 years gives +13100%
3% compounds to 2000%

as i recall when i landed in Normandy in 1944 i could buy a gallon of milk for 30 cents at a local supermarket