> Behalf Of Erik Reuter
> On Thu, May 24, 2001 at 07:59:54PM -0400, Gautam Mukunda wrote:
>
> > And, it can be pointed out, we're paying off that debt
> with ease - the
> > US government now runs a yearly surplus larger than the
> total budgets
> > of most of the countries in the world.
>
> How are we paying off the debt with ease? Filtering the
> noise (+/- $100B
> or so) the US debt has not gone down in the past 14 years.
> "Erik Reuter" <[EMAIL PROTECTED]>
You need to compare those numbers to the proportion of GDP for them to
be meaningful. According to your own numbers the debt has stayed
roughly constant for the last two years. In that time the US economy
has grown about 8%, I believe. Which means that it has dropped
significantly in relation to GDP - without any increase in taxes on
the part of the government.
********************Gautam "Ulysses" Mukunda**********************
* Harvard College Class of '01 *He either fears his fate too much*
* www.fas.harvard.edu/~mukunda * Or his deserts are small, *
* [EMAIL PROTECTED] *Who dares not put it to the touch*
* "Freedom is not Free" * To win or lose it all. *
******************************************************************
