Quote:
Originally posted by RawAlex@Feb 27 2004, 05:13 PM
Don't let preconceived notions block your ability to see the actual numbers for the last 10 years. You would see a trend that would surprise you.
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10 years?
US DEBT
09/30/1994 $4.692 T
12/31/2003 $7.001 T
GDP
3rd Q 1994. 7.115 T
4th Q 2003. 11.252 T
DEBT/GDP
1994 65.9%
2003 62.3%
Lower. Surprised? Most people are. They discount how fast the US economy is growing. $11 trillion boggles the mind.