111th Congress Added More Debt Than First 100 Congresses Combined

Discussion in 'Politics' started by Petsamo, Dec 28, 2010.

  1. Tsing Tao

    Tsing Tao

    when was the calculation on CPI changed?
     
    #21     Dec 29, 2010
  2. Ricter

    Ricter

    He doesn't get it.
     
    #22     Dec 29, 2010
  3. Bush Jr's wreckage of Americas finances were caused by his tax cuts,his wars, and his medicaid expansion

    I guess that was the democratic congress's fault :cool:
     
    #23     Dec 29, 2010
  4. The Medicaid expansion was Bush's compromise with the Democrat Congress and I fault him for that.

    Regarding additional expenditures, apparently you think Bush's first recession caused by the bursting of the internet bubble, 9/11, Katrina & Rita were all free. [​IMG]
     
    #24     Dec 29, 2010
  5. jem

    jem

    name the politicians in the last 20 years who served the majority of the country and not their cronies, bankers or backers.
     
    #25     Dec 29, 2010
  6. historical debt needs to be adjusted for inflation and normalized by the population sizes in the respective years. without doing actual calculations myself, i would still bet that the headline is misleading.
     
    #26     Dec 29, 2010
  7. g222

    g222

    #27     Dec 30, 2010
  8. You missed a lot that are significant.
    The 111th outspent the 110th by 1.262 trillion.
    There has been negligible inflation between the 111th and the 110th, and between the 111th and the first 100. You missed that inflation chart I posted. [​IMG]
     
    #28     Dec 30, 2010
  9. e.g. 5% inflation compounded over 100 years gives +13100%
    3% compounds to 2000%

    as i recall when i landed in Normandy in 1944 i could buy a gallon of milk for 30 cents at a local supermarket
     
    #29     Dec 30, 2010