Subj : The debt and the recession.
To   : ALL
From : BOB KLAHN
Date : Sat Dec 28 2013 02:38:06


 Yesterday I responded to an article in an online magazine. I
 decided to repost my response here, since it does stand on it's
 own. I'll try to edit out anything from the article that you
 have to have to article to understand.

 ----------------------------------------------------------------

 From the founding of this country till now there is not one
 single year it was debt free. Between 1790 and 1930 there were
 three times I call the debt so low it was on it's way to being
 paid off, two of those times it was so low I would say paying
 it off would have been a trivial problem. Yet it never happened,

 How was the debt paid down so low, and why was it never paid
 off?

 Before anyone says anything stupid about liberals spending
 money on welfare, we are talking about 1835. Show where there
 were liberals building large welfare programs in 1835.

 The worst national debt this country has faced in the lifetime
 of anyone currently alive was in 1946, when the debt was $271
 Billion. Yes, Billion. From then to 1981 the burden of that
 debt was reduced by nearly 75%, all the while the debt itself
 kept rising. Why was it not possible to reduce the debt itself,
 yet the burden went down so drastically?

 Why was the immediate post WWII era a time of economic
 expansion, very low unemployment, and economic equalization
 when economic theories teach that a post war cutback should
 mean increasing unemployment? Before anyone says, it was
 because Europe and Asi were devastated by WWII, let me point
 out, we could achieve much of that same effect by cutting
 ourselves off from most world trade. Or, just maybe that's not
 the reason...think so?

 Finally, does anyone really believe our economic statistics are
 honest? Do you really believe unemployment is 7%, instead of
 the 14% it would have been recorded at before 1994? Does anyone
 believe our inflation rate is really as low as reported? Or
 would a point or two higher be more believable?

 I say the first step to solving our problems is to report them
 honestly. Honest statistics will show just how bad it really is.


BOB KLAHN bob.klahn@bex.net   http://home.toltbbs.com/bobklahn

.... Ever hear of a Sunday school class setting aside time for algebra?
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