Quote:
Originally Posted by EarlyPorsche
I am indifferent about national debt. Why? Because at any time when there is huge debt, a new technology that we can sell abroad is all that is necessary to knock it down QUICK. Stem cells, clean energy, or aerospace are all ways that our GDP can suddenly skyrocket.
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That's only if any money is left over for R&D. Since 1929 can you sight a time when US GDP has skyrocketed. I have looked at the figures and it hasn't happened at least by my standards. As the GDP increases in magnitude, it's also less likely that it will skyrocket as a percent of the current figure.
I'm not trying to be argumentative as much as I really would like to better understand your rational.