Tuesday, August 31, 2010

More Democrat Recession Figures

Democrat Congress responsible for recession

Jumping in the Pool:

A large National Debt data is also something that Democrats like to blame President Bush for. However, examining our debt as a percent of our GDP shows the truth again. This number sounds complicated, but in fact it is pretty simple. "Our debt as a percent of our GDP" simply means that if our GDP is $100 and our debt is $60, then our "debt as a percent of our GDP" is 60%. From 2001-2007 (when Republicans left office), the percent of our debt grew from 57.4% to 65.6%, or 8.8% (around 1.2% a year). Though the number did rise, you must take into account 9/11, the devastation from Hurricane Katrina, and the wars in Afghanistan and Iraq. Further, from 2005-2007, it slowed to an average of .5% per year, which means it may have began to go down in the near future.

Then Democrats took office. In their first full year in office, the debt as a percent of GDP rose 4.6%, from 65.6% to 70.2%. The next year was even more astounding, as the percent rose 15.9%, to 86.1%. So far this year, the percent is up another 5% to 91.1%....

There is much more including some helpful charts.

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