Deficit declines $100 billion
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Originally Posted by ISP James
the deficit is still relative to GDP. inflationary or not. you look at its a percentage.
for example. last year i earned x dollars but and saved y so i have Z% of my earnings saved.
this year i earned x1 dollars, saved y1, and i now have z1% of my earnings saved. its still a percentage.
the numbers are easily interpreted and used for the sake of comparing economic strength and growth if you want them to be.
for example. last year i earned x dollars but and saved y so i have Z% of my earnings saved.
this year i earned x1 dollars, saved y1, and i now have z1% of my earnings saved. its still a percentage.
the numbers are easily interpreted and used for the sake of comparing economic strength and growth if you want them to be.
You're thinking of DEFICIT as a percentage of GDP, when what is being discussed here is DEBT as a percentage of GDP.
Very common mistake.
Deficit - This year's shortage
Debt - Total outstanding loans
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From: Location Location
Originally Posted by qtiger
You're thinking of DEFICIT as a percentage of GDP, when what is being discussed here is DEBT as a percentage of GDP.
Very common mistake.
Deficit - This year's shortage
Debt - Total outstanding loans
Very common mistake.
Deficit - This year's shortage
Debt - Total outstanding loans
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Originally Posted by WiLL
...I really wanna get out and shoot people.
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Originally Posted by BonzoAPD
It is concluded that Mike is such a supergenius that he out of hand discounts a measurement used by all economists in the world 
h:
h:It's used but not the way you're using it! :rant:
Originally Posted by qtiger
Those national debt as a percentage of GDP numbers are provided only as a rough means of comparison between countries. Your argument insinuates that somehow our economy is better than it was during the Clinton era, which is blatantly false. We covered this first on IL, then here, and you still won't listen.
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From: Ossining, New York
Originally Posted by qtiger
It's used but not the way you're using it! :rant:
:wtf: are you talking about? I am using it the same way I used it in my previous thread on this. And how it is used by the economists around the world. But because I am giving you the numbers it is wrong. I get it
I took the numbers straight from the gov, no manipulation
h:
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Originally Posted by BonzoAPD
:wtf: are you talking about? I am using it the same way I used it in my previous thread on this. And how it is used by the economists around the world. But because I am giving you the numbers it is wrong. I get it
I took the numbers straight from the gov, no manipulationh:
I took the numbers straight from the gov, no manipulation
h:You're interpreting the provided numbers in a way that makes no logical sense whatsoever. Mike said it, Rich said it, now I'm saying it. The numbers don't work like that.
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From: Madison, WI
Originally Posted by BonzoAPD
:wtf: are you talking about? I am using it the same way I used it in my previous thread on this. And how it is used by the economists around the world. But because I am giving you the numbers it is wrong. I get it
I took the numbers straight from the gov, no manipulationh:
I took the numbers straight from the gov, no manipulation
h: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.
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From: SF/CA
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.
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.