Subj : Original Analysis
To   : JOHN HULL
From : BOB KLAHN
Date : Tue Mar 29 2011 22:03:14


 ...

 JH> Second, based on what they posted here over the years,
 JH> they've not had an original thought worth discussing.  They
 JH> have never done anything but spew what the Democrat party
 JH> puts out as talking points.

 ...

 This was original material, and you couldn't answer this:

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 According to the Federal Budget History files, 2010: At the end
 of WW2 the debt load was almost 122% of GDP. It went down under
 every president, war and peace, recession or prosperity, liberal
 or conservative, republican or democrat, until Reagan. When
 Reagan took office it was around 33%.

 Under Reagan it started back up, under Clinton it started back
 down again. Under Bush II it went back into climb mode.

 In 1981, 32.6%, in 1989, 53.1%, in 1993, 66.2%, in 2001 57.4%,
 in 2009 90.4%.

 So, Obama was handed an economy that was at risk of another
 depression, and a debt load that is headed for crushing.

 If the country went into depression the GDP could drop as much
 as 50%. The debt would not drop, so the debt load would become
 horrendous. 90% jumps to 180%. Higher than this country has ever
 seen. If the GDP dropped 25% that still pushes up the debt load
 to around 130%. That is a crushing debt. And that is why we
 might well not be able to get out of another depression.

 When Obama took office he was facing a national debt of about
 $12 trill. That debt had built up in the 232 years before his
 inauguration. Yet almost 80% of that debt had built up under 3
 presidents, Reagan, Bush I and Bush II.

 Of the 10% built up under Clinton almost all of it was in his
 first term, when he was fighting to bring the Reagan/Bush
 debacle under control. In his second term he gave this country
 the first balanced budget it had seen in 29 years, and the
 second longest string of balanced budgets of the 20th century.
 At which time it appeared he stopped the growth of the debt.
 However, the republicans had other plans.
 (Note:The longest string was the 1920s)

 All other presidents combined produced about 10% of the total
 debt.

 80% of the national debt Obama inherited produced under the last
 three republican presidents. And 100% of the growth in the post
 WWII debt load.

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BOB KLAHN bob.klahn@sev.org   http://home.toltbbs.com/bobklahn

.... Who are the republicans who were targeted in the domestic terror attacks?
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