2006-09-19 10:03:25 · 6 answers · asked by jennifer p 1 in Politics & Government ➔ Government
Our current national debt as a percentage of GDP is the HIGHEST it's been since 1950!!!
So don't believe the lies of those people who say - it's no big deal because GDP is higher.
This web site http://zfacts.com/p/318.html shows a graph of national debt + debt as a percentage of GDP.
Essentially, debt a percent of GDP had decreased steadily since 1950 until the Reagan arms buildup, and then it wen't back down during the Clinton administration and then back up again during Bush 2.
2006-09-19 10:13:39 · answer #1 · answered by Whoops, is this your spleeen? 6 · 0⤊ 0⤋
don't forget when judging a nations economy the GDP is very important also/ along with inflation rate - current value of a dollar. Put that all together then you can judge how good the economy is. We have people now days saying omg its 8 trillion dollar deficit well what if our GDP is 35 trillion - compare that with other contries proportion wise and we blow them away by a long shot.
2006-09-19 17:07:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Minus zero.
2006-09-19 17:12:45 · answer #3 · answered by Got pretzels? 2 · 0⤊ 0⤋
I think about 4 trillion dollars.
2006-09-19 17:12:27 · answer #4 · answered by Spiritled 2 · 0⤊ 0⤋
A lot, though it would be a heck of a lot less if we stopped making up social programs.
2006-09-19 17:05:55 · answer #5 · answered by Colorado 5 · 0⤊ 0⤋
$8,494,322,542,593.10 and it increases at $1.58 Billion per day.
2006-09-19 19:10:10 · answer #6 · answered by natmys333 4 · 0⤊ 0⤋