Gunner Asch wrote:

On Sat, 04 Jun 2011 16:34:42 -0500, jim "sjedgingN0Sp"@m@mwt,net
wrote:



" wrote:

and a national debt that is approaching the
GDP, which is almost always fatal to a country.

Except when it isn't

The last time the debt equaled the GDP
It was followed by the greatest period of economic growth
and prosperity in the entire history of the USA?

So you think it will be exactly like WW2? Who are we going to be
unindating and then destroying?

Nope, it won't be anything like any of your fantasies

Looking at the claim that "national debt that is approaching GDP"
is going to be fatal to the US --
History has already proven that to be wrong

When the debt reaches 100% of GDP again
it will again prove not to be fatal
And it doesn't much matter who gets elected in 2012
Even if Ron Paul gets elected
The National Debt will continue to climb

Because at this point it is already water over the dam

Here is a graph that illustrates
what has been happening in the US for the last 30 years

http://tinyurl.com/3ptqvq2

The huge trade deficit (the blue)
has been financed by consumer credit (the red)

In 2006 Consumer debt was accelerating
at the astounding rate of 1 trillion dollars/year

and then as if by magic it ended...

Now this is the reality
Washington understands

Humpty Dumpty fell off the wall
And all the kings horses and all the king's men
can't put Humpty Dumpty
back together again