Thursday, April 2, 2009

The Granddaddy State - Economix Blog - NYTimes.com

 

Economist often debate on where the debt/G.D.P. ratio has been and where it will go.  In 1946, right after the end of World War II, debt held by the public represented 109 percent of G.D.P. The president’s proposed budget features investments in health, education and environmental sustainability that promise important future benefits.

Sad thing about this article is that it does not speak of the debt/GDP numbers of now and at end of five years of Recovery Program.  I guess we should remember these numbers.  Well from what I remember just over 100% in five years.  What do you remember?

The Granddaddy State - Economix Blog - NYTimes.com

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