Liberal Forum

tharock220 » 16 Feb 2014 12:16 pm » wrote:
I was going to get to that, but the lolberals' inability to do basic percentage change calculations diverted me. GDP doesn't distinguish between real growth and inflation. An example, under liberal economics if one widget is $1 in 2013 and it's $2 in 2014 then that's growth. Conversely, if a widget is $1 in 2013, but two are produced in 2014 for $.50 each, then you have had no growth. Basically, all of Jimmy Carter's growth was inflation.

What, then, was Reagan's? I already addressed inflation using the debt to GDP ratio. You can take the math from either side - straight dollars, or ratios to account for inflation, - and Reagan still doesn't look as good as Carter.

Carter added 288 billions to the national debt - which actually REDUCED the debt as a portion of the GDP (due to how much it grew by under his hand, with a democrat congress).

Reagan added 1.873 TRILLIONS to the national debt, which GREW our national debt, as a function of GDP, for the first time since WW!! - TRIPLED THE NATIONAL DEBT as measured in dollars (does not account for inflation), and grew it by a whopping 23.5% as a function of GDP (ACCOUNTS FOR INFLATION)!

Those are the two ways of measuring that I propose. If you propose a third or dispute my treatment of either of those two, show your math. So far, you've demonstrated that our disagreements will be at the feet of your 8th grade grammar teacher.