Banned
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Quote:
Originally Posted by aceventura3
Host, the Dow is up over 12% in the last 12 months. This is pretty good by any reasonable standard.
YTD the dollar is down about 8% against the Euro. Certainly not a crisis.
The budget deficit as a percentage of GDP is going down and well within a reasonable range of 40 year averages.
http://www.whitehouse.gov/omb/budget.../overview.html
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For the umpteenth time, ace....the white house "deficit reduction" PR is bullshit. The white house deficti "numbers" do not include the surplus payroll withholding that comes from social security/medicare taxes, nor do they include hundreds of billions in supplemental "off-budget" "war" appropriations, because....even in the 4th and 5th years of now predictable costs of war in Iraq and Afghanistan, the pentagon/white house claim is that they can't yet budget an accurate estimate.....of those costs.....
...again, ace....here is the reliable set of numbers...it includes the new amount each year that goes from paychecks and employer paid SSI/medicare taxes...into the general revenue....is then spent by the federal government and does not show up in the white house phony deficit numbers, and is owed to the SSI trust fund....it includes the supplemental, "off-budget" appropriations, too.
Notice how the US Treasury debt increase, is constant, now....at over $500 billion each year. Notice that it had declined to just $18 billion, YOY....4 months before Bush "took office in Jan., 2001.
I'll stop posting this...over and over,,,,if you'll stop posting misleading, inaccurate, low ball white house PR that is totally meaningless in measuring the trend or the increasing scope of the debt obligation of the American people.....up now, from $5,807,463,412,200 on Sept. 30, 2001...to
$9,053,884,694,839.
<h3>You must know that the graph you included in your post is meaningless....so why did you post it?</h3>
Quote:
http://www.treasurydirect.gov/NP/BPD...application=np
10/19/2007 .. $9,053,884,694,839.99 =$547 billion YOY debt increase
http://www.treasurydirect.gov/govt/r...t/histdebt.htm
date Dollar Amount
09/30/2006 .. $8,506,973,899,215.23 =$574 billion YOY debt increase
09/30/2005 .. $7,932,709,661,723.50 =$553 billion YOY debt increase
09/30/2004 .. $7,379,052,696,330.32 =$555 billion YOY debt increase
09/30/2003 .. $6,783,231,062,743.62 =$544 billion YOY debt increase
09/30/2002 .. $6,228,235,965,597.16 =$420 billion YOY debt increase
09/30/2001 .. $5,807,463,412,200.06
09/30/2000 .. $5,674,178,209,886.86 =$18 billion YOY debt increase
09/30/1999 .. $5,656,270,901,615.43
09/30/1998 .. $5,526,193,008,897.62
09/30/1997 .. $5,413,146,011,397.34
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