Quote:
Originally Posted by chris_gee
I cited total debt which includes private. The figure for this from one source is 350% of GDP the highest since 290% in 1929. The figure I have is 53 trillion. National Debt according to Wikipedia is around 60% of GDP.
Once again Chuckles shoots himself in the foot by not reading. The claim by Rick was that national debt increased by 6 T during the Bush term. The figures I have are 5.6 - 9.815 plus presumably the .7 sought which gives around 5 trillion. The 10 trillion in a later post was in relation to if that were a band aid figure. One was presumably a total the other an increase, so there is no reason for them to be the same.
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See my later post - Exaggerating is exaggerating. The 9.8 is the current figure and includes ALL money, including, most likely the bailout money as the number jumps the day it was announced and which is dishonest to include because it's not all debt; it includes real assets and a 11 % ROI. Nice
Nice try tho.
Edit:
Added numbers to show the AIG loan:
09/18/2008 5,492,459,419,394.83 4,172,172,383,864.24
9,664,631,803,259.07
09/19/2008 5,552,620,101,517.17 4,174,389,518,377.17
9,727,009,619,894.34
backs up my 'the bail out money is already factored in' claim.