Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Non-Cattle Specific Topics
Coffee Shop
Stimulus
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="sim.-ang.king" data-source="post: 1655395" data-attributes="member: 14533"><p>The deficit should be compared to the country's ability to pay it back. That ability is measured by the deficit divided by <a href="https://www.thebalance.com/what-is-gdp-definition-of-gross-domestic-product-3306038" target="_blank">gross domestic product</a> (GDP). The deficit-to-GDP ratio set a record of 26.9% in 1943 as the country geared up for World War II.6 The deficit then was only $55 billion, much lower than the record deficit of $3.7 trillion predicted for 2020. But the deficit-to-GDP ratio is much lower now at 17.9% since GDP is <a href="https://www.thebalance.com/us-gdp-by-year-3305543" target="_blank">much higher</a> than it was in 1943.7</p><p></p><p>[URL unfurl="true"]https://www.thebalance.com/us-deficit-by-year-3306306[/URL]</p><p></p><p>Prior to the pandemic spending, the projected 2020 deficit was going to be less than the 2009 deficit, and a lower % GDP.</p><p></p><p></p><p>Also just an fyi, but if you're not happy with spending, then complain to the house. Since all spending bills originate from the house.</p><p>And who might be in control of the the house currently, and also back in 2009?</p></blockquote><p></p>
[QUOTE="sim.-ang.king, post: 1655395, member: 14533"] The deficit should be compared to the country's ability to pay it back. That ability is measured by the deficit divided by [URL='https://www.thebalance.com/what-is-gdp-definition-of-gross-domestic-product-3306038']gross domestic product[/URL] (GDP). The deficit-to-GDP ratio set a record of 26.9% in 1943 as the country geared up for World War II.6 The deficit then was only $55 billion, much lower than the record deficit of $3.7 trillion predicted for 2020. But the deficit-to-GDP ratio is much lower now at 17.9% since GDP is [URL='https://www.thebalance.com/us-gdp-by-year-3305543']much higher[/URL] than it was in 1943.7 [URL unfurl="true"]https://www.thebalance.com/us-deficit-by-year-3306306[/URL] Prior to the pandemic spending, the projected 2020 deficit was going to be less than the 2009 deficit, and a lower % GDP. Also just an fyi, but if you're not happy with spending, then complain to the house. Since all spending bills originate from the house. And who might be in control of the the house currently, and also back in 2009? [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Coffee Shop
Stimulus
Top