Quote:
Originally Posted by Terry, NJ
Cash is king! However. Our "President" had no objections to raising our natl.Debt to $19Tr. Since this debt is incurred with the Federal Reserve to borrow cash, where is all that money?We've doubled the the amount of cash in circulation, yet it's not trickling down. Duh!! Scratching my head in frustration!
Terri
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Terry, I wish the value of my Model A's increased as much as the national debt in any of these presidencies.
Increase in the National Debt for each president. The percentage increase is what they added to the debt from the previous presidency.
Truman 3%
Eisenhower 5%
Kennedy 8%
Johnson 13%
Nixon 34%
Ford 47%
Carter 43%
Reagan 186%
H.W. Bush 54%
Clinton 32%
W. Bush 101%
Obama 56%
Guess this means that I should raise the prices on my Model A parts at the next swap meet. :-)