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Originally Posted by Hanxter
thanx!!! i needed that - funniest thing for me in days...
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Good....I'm glad that you took it in the spirit that I intended....
<b>on edit, ace....now that your last post was read....you have always used the deficit numbers to advance a positive opinion of the direction/trend of this administration's deficit management. In your post before this last one, you seemed to admit that the deficit data is unreliable. I've only relied on US treasury debt accumulation data to support my contrary opinion.
Why do you say that I don't consider increased GDP vs. debt increases? I already showed, in my posts of June and Oct., 2006, that those increases came from the stimulus of $1.15 of new MEW and new federal borrowing and spending, for every 75 cents increase in GDP. IMO, we've had our debate, but you've posted today about reduced deficit trends and a "ggod economy", anyway....thus my response that your arguments are not "reality based"....</b>
...now ace....after re-reading your last post, are you saying that you believe that the US treasury debt info here:
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http://www.treasurydirect.gov/NP/BPD...application=np
The Debt to the Penny and Who Holds It
Daily History Search Application
To find the debt outstanding on a specific day or days, simply select a single date or date range and click on the 'Find History' button.
The total public debt outstanding data is available for 01/04/1993 through 02/22/2007. The debt held by the public versus intragovernmental holdings data is available for 09/30/1997 through 02/22/2007....
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...is no more reliable than the deficit numbers that the white house quotes?
If that is what you are saying, ace...
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Originally Posted by aceventura3
......The deficit is misleading because it doesn't measure all federal government spending. But they consitently measure it wrong, dating back decades.
Also national debt numbers are misleading as well as trade deficit numbers. Where we differ is on the significance of it, not the factual numbers.
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.....that the figures I retrieve to counter all of your posts about a "declining deficit", are "misleading" ?
Since the US treasury debt data that I use has been moved in the last few weeks, rolled into this new site described as:
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http://www.treasurydirect.gov/about.htm
About TreasuryDirect
TreasuryDirect is the first and only financial services website that lets you buy and redeem securities directly from the U.S. Department of the Treasury in paperless electronic form. You enjoy the flexibility of managing your savings porfolio online as your needs and financial circumstances change - all the time knowing your money is backed by the full faith of the U.S. government.
We offer product information and research across the entire line of Treasury Securities, from Series EE Savings Bonds to Treasury Notes. Our new TreasuryDirect accounts offer Treasury Bills, Notes, Bonds, Inflation-Protected Securities (TIPS), and Series I and EE Savings Bonds in electronic form in one convenient account.
You can also purchase Treasury Bills, Notes, Bonds and Inflation-Protected Securities (TIPS) in Legacy Treasury Direct. For a discussion of the differences between TreasuryDirect and Legacy Treasury Direct, see My Accounts.
Services for Finance Professionals and Institutional Investors
If you're managing large investments for your clients, company, institution, or even government agency, TreasuryDirect extends its services to you as well. Recognizing that your needs are diverse and unique, we've created dedicated sections for institutions and government agencies.
Brought to you by...
TreasuryDirect is brought to you by the U.S. Department of the Treasury Bureau of the Public Debt. The mission of Public Debt is to borrow the money needed to operate the federal government and to account for the resulting debt. We do this by offering you a variety of savings and investment products.
Learn more about us:...
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....doesn't it follow, that, if your belief is that the borrowing data I'm posting from that site is in error, or misleading, that it is also true that the US treasury is offering securities for sale, via the provision of deceptive data? Isn't that an accusation of official, securities fraud?