A miscellaneous collection of shooting, fishing, ranting, whining, sniveling, and anything else I happen to get wound up over at the moment. Hopefully this will be more effective and cheaper than therapy. Excluding shooting and fishing, of course, as there is no finer therapy than that............
Sunday, March 03, 2013
Presidents and the National Debt
I came across this on the 'Net, and was wondering if some of you may have some idea if this is true, or is this false and part of some sort of dis-information campaign. It just doesn't pass the "smell Test" for me.....
I can't say for sure without research, but I suspect it's a statistical shell game. A debt increase of $1 trillion on a $10 trillion debt is still only a 10% increase while going from $500 billion to $1 trillion is a 100% increase. Which increas is worse?
Yeah. Not just the "percentage increase" factor is misleading.
The real misleading is that Congress makes the budget, not the President.
When you look at party control of Congress it looks much more even-handed.
(This guy has average-per-year and over term stats, and the numbers somehow don't match that chart.
It's especially stupid that that chart compares 8 years of President Bush with about two and a half years of President Obama as if it was a Final Number.)
I can't say for sure without research, but I suspect it's a statistical shell game. A debt increase of $1 trillion on a $10 trillion debt is still only a 10% increase while going from $500 billion to $1 trillion is a 100% increase. Which increas is worse?
ReplyDeleteIt's an apples to oranges comparison.
ReplyDeletehttp://www.snopes.com/politics/politicians/nationaldebt.asp
Also look here:
http://www.snopes.com/politics/politicians/nationaldebt.asp
Yeah. Not just the "percentage increase" factor is misleading.
ReplyDeleteThe real misleading is that Congress makes the budget, not the President.
When you look at party control of Congress it looks much more even-handed.
(This guy has average-per-year and over term stats, and the numbers somehow don't match that chart.
It's especially stupid that that chart compares 8 years of President Bush with about two and a half years of President Obama as if it was a Final Number.)