We're in trouble.

[FatJackSprat]

Originally posted by: sandorski

That "mere" $455ish billion deficit is the largest deficit ever by far(previous largest deficit was <$300 billion). The curent/previous debt level was attained with a whole bunch of small deficits, that's why so much attention is being focused on it.

What year was that debt of around $300 billion and what would its value be today?

I chose to use "mere" because the current deficit is characterized as so atrocious, while the natl debt is many times that level and is treated as though it is not out of the ordinary.

In any event, the deficit still doesn't bother me. It will force govt to stop throwing money at every potential voter in the name of social welfare.

I also think much of the negative attention is really based on personal dislikes for Bush. What effect have Enron, WorldCom, and even Sept. 11th had on the economy. Those things were underway long before Bush was even a candidate, but he's given 100% of the blame.

 

[sandorski]

Originally posted by: FatJackSprat

Originally posted by: sandorski

That "mere" $455ish billion deficit is the largest deficit ever by far(previous largest deficit was <$300 billion). The curent/previous debt level was attained with a whole bunch of small deficits, that's why so much attention is being focused on it.

What year was that debt of around $300 billion and what would its value be today?

I chose to use "mere" because the current deficit is characterized as so atrocious, while the natl debt is many times that level and is treated as though it is not out of the ordinary.

In any event, the deficit still doesn't bother me. It will force govt to stop throwing money at every potential voter in the name of social welfare.

I also think much of the negative attention is really based on personal dislikes for Bush. What effect have Enron, WorldCom, and even Sept. 11th had on the economy. Those things were underway long before Bush was even a candidate, but he's given 100% of the blame.

Early '90's when Bush Sr was Pres.

Of course the Debt is much higher, it is the accumulation of previous Deficits. If the current Deficit was anywhere near the Debt, you'd be bankrupt in no time.

 

[FatJackSprat]

Originally posted by: sandorski

Of course the Debt is much higher, it is the accumulation of previous Deficits.

I hadn't thought of it that way. I have to admit I don't know very much about economics. Does the govt run with a budget deficit every year? What gives govt the power to approve spending for more than it has available?

If the govt does not have a deficit in any given year, what has happened to the money that was not allocated in that year's budget?

Regardless of the answers, this topic will not receive media attention because people are truly concerned about the deficit or even understand its impact (like myself). This topic will receive media attention solely to cast Bush in a negative light.

 

[B00ne]

Originally posted by: ITJunkie<br


What are the immigration laws like in Germany?

Actually I dont really have a clue. I think so far there is no real immigration law and it is not easy to become german (like almost impossible) They basically suck ass. But we do have about the highest immigration rates of the EU anyway(higher than the US even)

 

[rahvin]

Originally posted by: FatJackSprat

Originally posted by: sandorski

Of course the Debt is much higher, it is the accumulation of previous Deficits.

I hadn't thought of it that way. I have to admit I don't know very much about economics. Does the govt run with a budget deficit every year? What gives govt the power to approve spending for more than it has available?

If the govt does not have a deficit in any given year, what has happened to the money that was not allocated in that year's budget?

Regardless of the answers, this topic will not receive media attention because people are truly concerned about the deficit or even understand its impact (like myself). This topic will receive media attention solely to cast Bush in a negative light.

You are in the minority. Far more Americans are aware of the impacts of our debt than you may realize. A 450billion dollar debt is approximately 1/12 of the total debt, so we will increase the debt by 450billion this year. Currently the debt payments total 15% of the federal budget. If all the debt was paid down we could have a 15% tax reduction across the board without a cent cut from the federal budget. Our debt and budget deficiets I feel are the single greatest threat to the economic stability of this country. If it was not for the recession I would demand a surplus in the budget to begin payments on the debt.

 

[FatJackSprat]

Originally posted by: rahvin

Originally posted by: FatJackSprat

Originally posted by: sandorski

Of course the Debt is much higher, it is the accumulation of previous Deficits.

I hadn't thought of it that way. I have to admit I don't know very much about economics. Does the govt run with a budget deficit every year? What gives govt the power to approve spending for more than it has available?

If the govt does not have a deficit in any given year, what has happened to the money that was not allocated in that year's budget?

Regardless of the answers, this topic will not receive media attention because people are truly concerned about the deficit or even understand its impact (like myself). This topic will receive media attention solely to cast Bush in a negative light.

You are in the minority. Far more Americans are aware of the impacts of our debt than you may realize. A 450billion dollar debt is approximately 1/12 of the total debt, so we will increase the debt by 450billion this year. Currently the debt payments total 15% of the federal budget. If all the debt was paid down we could have a 15% tax reduction across the board without a cent cut from the federal budget. Our debt and budget deficiets I feel are the single greatest threat to the economic stability of this country. If it was not for the recession I would demand a surplus in the budget to begin payments on the debt.

Does the govt run with a budget deficit every year?

If the govt does not have a deficit in any given year, what has happened to the money that was not allocated in that year's budget?

 

[CADsortaGUY]

Originally posted by: FatJackSprat

Originally posted by: rahvin

Originally posted by: FatJackSprat

Originally posted by: sandorski

Of course the Debt is much higher, it is the accumulation of previous Deficits.

I hadn't thought of it that way. I have to admit I don't know very much about economics. Does the govt run with a budget deficit every year? What gives govt the power to approve spending for more than it has available?

If the govt does not have a deficit in any given year, what has happened to the money that was not allocated in that year's budget?

Regardless of the answers, this topic will not receive media attention because people are truly concerned about the deficit or even understand its impact (like myself). This topic will receive media attention solely to cast Bush in a negative light.

You are in the minority. Far more Americans are aware of the impacts of our debt than you may realize. A 450billion dollar debt is approximately 1/12 of the total debt, so we will increase the debt by 450billion this year. Currently the debt payments total 15% of the federal budget. If all the debt was paid down we could have a 15% tax reduction across the board without a cent cut from the federal budget. Our debt and budget deficiets I feel are the single greatest threat to the economic stability of this country. If it was not for the recession I would demand a surplus in the budget to begin payments on the debt.

Does the govt run with a budget deficit every year?

If the govt does not have a deficit in any given year, what has happened to the money that was not allocated in that year's budget?

Psttt - it is spent

CkG

 

[Athanasius]

You are in the minority. Far more Americans are aware of the impacts of our debt than you may realize. A 450billion dollar debt is approximately 1/12 of the total debt, so we will increase the debt by 450billion this year. Currently the debt payments total 15% of the federal budget. If all the debt was paid down we could have a 15% tax reduction across the board without a cent cut from the federal budget. Our debt and budget deficiets I feel are the single greatest threat to the economic stability of this country. If it was not for the recession I would demand a surplus in the budget to begin payments on the debt.

Once again rahvin and I agree. This is becoming a strange trend. Is there something wrong with me?

 

[BaliBabyDoc]

Bump for the repeat of a good post.

You are in the minority. Far more Americans are aware of the impacts of our debt than you may realize. A 450billion dollar debt is approximately 1/12 of the total debt, so we will increase the debt by 450billion this year. Currently the debt payments total 15% of the federal budget. If all the debt was paid down we could have a 15% tax reduction across the board without a cent cut from the federal budget. Our debt and budget deficiets I feel are the single greatest threat to the economic stability of this country. If it was not for the recession I would demand a surplus in the budget to begin payments on the debt.

One of the few good things about Clinton and his GOP Congresses is they were always fighting; spending and tax cuts were relatively restrained. The lack of consensus on what to do with budget surpluses allowed them to grow. As payments on the debt became a smaller and smaller portion of federal expenditures more money would be available for other priorities (tax cuts, responsible spending).

Now that we are in a situation that requires fiscal flexibility we don't have any b/c irresponsible spending and tax cuts have left little room for maneuvering at the state and federal level. Two of the programs cut at my university are Heels for Health (employee health improvement program) and professional training (Excel, Acrobat, Powerpoint, etc). The long term benefits of a healthier, happier, and better trained staff cannot be refuted but the knee jerk response is to trim the fat . . . which is often any program that cannot show return in a quarterly business cycle.

 

[rickn]

we have a republican president, why is this a surprise?