Gen X at 40

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Comments

Michael -

While I agree that we should get the deficit under control, you have to look at it in terms of percentage of GDP (or GNP, or whatever the number's supposed to be)

Take your own finances for example:

In year one, you make $10,000. Your total debt is $500.
In year two, you make $20,000. Your total debt is $800.

In year one, your debt is 5% of your total worth.
In year two, your debt is 4.5% of your total worth.

Your debt has gone up 60%, but you're much more able to handle it because of your increased worth.

Alan -

That is the theory of the trickle down. While what you are saying is correct, there is no boom in the economy forecast. That is requird to get the percentage argument. From the article, too, it may not include the cost of proposals like the privatization of social secutity...which would make it "private security"...which was called in 1890 "insecurity".

Arthur -

but you're much more able to handle it because of your increased worth.

That kind of number magic doesn't work if you think about inflation...

Alan -

HEY - don't start including all relevant factors into the arguement.

Arthur -

don't start including all relevant factors into the arguement.

Oh. OK. Sorry.

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