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Thread: GDP & Deficits.

  1. #1
    Senior Member Sev's Avatar
    Join Date
    Jul 2008
    State of Franklin.

    GDP & Deficits.

    Nicely laid out.

    There isn't anything wrong with America that liberal ideology, properly applied by government experts, can't make worse.

  2. #2
    Senior Member
    Join Date
    Oct 2005
    Ballarat Australia
    Whats wrong with having a deficit??
    Whats wrong with having hi unemployment??
    Whats good about the usofa???

  3. #3
    Senior Member
    Join Date
    Mar 2008
    South Florida
    Apparently the gdp change percentages are given in terms of nominal or 'current' dollars (not adjusting for inflation).

    Which accounts for the embarrassing fact that the 1st Reagan year in office, when he supposedly had inherited a far worse economic situation than Obama did, the gdp change mentioned for that year was a titanic 12+%??!?!?!!! Even if that was the fiscal year 1981 (i.e., beginning under Carter as of Oct 1, 1980), that is impossible, and not what history records the gdp change to be then. Why not? Because there was a very large inflation those years, which must be subtracted out to calculate the 'real' gdp growth.

    Unless you know what you're looking at in this table, it's extremely misleading.
    A medium sized fish [...]

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