Colin, that isn't the point. Look at 10 years. 6 years of only 44% ratio, and the last 4 years of 67% ratio. It doesn't matter if the GDP is growing if the debt is growing almost as fast. That is something that in the long run can cripple an economy (see Italy, Japan). It is even more significant that this is happening during economic growth... the GDP growth for those two time frames are similar, but the debt increases are VERY different.
If 4 years is a short time to judge things, then 2 quarters ain't nothing important!
Alex
__________________
Let's go to the edge of disaster Push the pedal and go a little faster Let's slam into a wall at ramming speed Let's go to the edge of a mountain Jump off and lets start countin' Hit the ground and tell me if it bleeds
|
02-28-2004
Threaded Mode
