Unemployment in California reached 12.2% in August, the highest it's been since the Great Depression.[1]
It was 14.7% in 1940 and required a stimulus package (World War II) that drove the national debt to well over 100% of GDP.
Today, 'conservatives' are screaming about the possibility that the national debt may reach 50% of GDP.
Anybody smell a rat?
Friday, September 18, 2009
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