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teapeebubbles

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teapeebubbles

Re: BOREALIS post# 183436

Thursday, 08/30/2012 8:13:19 PM

Thursday, August 30, 2012 8:13:19 PM

Post# of 483873
Fact Check. "Federal spending during Reagan's two terms (FY 1981–88) averaged 22.4% GDP, well above the 20.6% GDP average from 1971 to 2009.

In addition, the public debt rose from 26.1% GDP in 1980 to 41.0% GDP by 1988.

In dollar terms, the public debt rose from $712 billion in 1980 to $2,052 billion in 1988, a three-fold increase."

Congressional Budget Office

#board-2412


"We are what we repeatedly do. Excellence, therefore, is not an act, but a habit." - Aristotle

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