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Old 12-07-2012, 12:15 PM
 
31,387 posts, read 37,138,900 times
Reputation: 15038

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Quote:
Originally Posted by Little-Acorn View Post
[b]It also pulls the usual dodges of comparing "taxes as a percentage of GDP" from one era to the next, as though such a ratio had any relevant meaning;
What the Frack!

THAT's WHY YOU USE RATIOS!!!!!

When you compare the RATIO of GDP, inflation plays no part in the equation! If I spend 40% of $100 in 1913 or $40% of $100 in Star Date 2016, the ration stays the fracking same!

God help us!
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Old 12-07-2012, 12:19 PM
 
Location: North America
14,204 posts, read 12,321,053 times
Reputation: 5565
Ah look....right wing quote mining.
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Old 12-07-2012, 12:23 PM
 
Location: Where they serve real ale.
7,242 posts, read 7,927,051 times
Reputation: 3497
Quote:
Originally Posted by Old Army Soldier View Post
This revelation should draw criticism to the New York Times. One thing I remember during the mid to late 1980's was that the oil and gas industry suffered greatly as prices and drilling plummeted. Thousands upon thousands were out of work in that particular field.



New York Times Admits Reaganomics Worked
LOL! Breitbart lies again.

Not only did they say the exact opposite of what the NYT said but they then tried to claim that the NYT said something it didn't. These sorts of lies are why no one with half a brain trusts or even reads garbage like Breitbart.
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Old 12-07-2012, 01:40 PM
 
Location: Northridge/Porter Ranch, Calif.
24,521 posts, read 33,396,630 times
Reputation: 7637
Quote:
Originally Posted by Finn_Jarber View Post
Reaganomics relied on heavy government spending, and when the spending spree was over, Reagan had tripled the national debt.
The national debt did not "triple" under Reagan. Nice try, though.
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Old 12-07-2012, 02:31 PM
 
5,915 posts, read 4,823,115 times
Reputation: 1398
Quote:
Originally Posted by BentBow View Post
Fuel prices in the 80's sure were sweet.

I think I filled up the GTX with $15.
We could actually go places.
Yes, the dollar was strong.
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