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Old Oct 19, 2004 | 12:35 PM
  #31  
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BonzoAPD
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Joined: Mar 2002
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From: Ossining, New York
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Originally Posted by MrFatbooty
The statistic of national debt as a percentage of GDP is used for comparing the state of one country's economy in one particular year to the state of another country's economy in the same particular year.

It is not used to compare the state of one country's economy to itself in a past year. This is precisely because debt is cumulative while GDP is not.

Mike, all I am asking for is for you to post proof for your argument.
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