Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Toddsterpatriot
Yeah, I guess you missed the part about the government having to borrow $2.5 BILLION DAILY, 80% of which comes from foreign sources: primarly Japan and China. Meanwhile, we exported $40 billion to China.

CIA World Fact Book:

USA: GDP: purchasing power parity - $11.75 trillion (2004 est.)

Public debt: 65% of GDP (2004 est.)

Budget:
revenues: $1.862 trillion
expenditures: $2.338 trillion, including capital expenditures of NA (2004 est.)

Current account balance: $-646.5 billion (2004 est.)

Debt - external: $1.4 trillion (2001 est.)

CHINA:

GDP: purchasing power parity - $7.262 trillion (2004 est.)

Public debt: 31.4% of GDP (2004 est.)

Current account balance: $30.32 billion (2004 est.)

Debt - external: $233.3 billion (3rd quarter 2004 est.)

Budget:
revenues: $317.9 billion
expenditures: $348.9 billion, including capital expenditures of NA (2004 est.)

218 posted on 06/08/2005 2:38:49 PM PDT by jb6 ( Free Haggai Sophia! Crusade!)
[ Post Reply | Private Reply | To 185 | View Replies ]


To: jb6
Yeah, I guess you missed the part about the government having to borrow $2.5 BILLION DAILY, 80% of which comes from foreign sources: primarly Japan and China.

You said you're getting an MBA? Does that include math classes? How do you figure that the US government is borrowing $2.5 billion a day?

222 posted on 06/08/2005 2:48:03 PM PDT by Toddsterpatriot (If you agree with Karl Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
[ Post Reply | Private Reply | To 218 | View Replies ]

To: jb6
Yeah, I guess you missed the part about the government having to borrow $2.5 BILLION DAILY, 80% of which comes from foreign sources: primarly Japan and China.

Did you make this number up? Or do you just not know how to multiply and divide?

309 posted on 06/09/2005 6:00:02 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and <B>E.P.I.</B> please stop calling yourself a conservative!!)
[ Post Reply | Private Reply | To 218 | View Replies ]

To: jb6
Yeah, I guess you missed the part about the government having to borrow $2.5 BILLION DAILY, 80% of which comes from foreign sources: primarly Japan and China.

I guess I'll have to do the work myself. $2.5 billion times 365 days in the year equals $912.5 billion. You have a source that shows the government is borrowing $912.5 billion this year? Maybe a source that shows the government borrowed $912.5 billion last year?

At the very least you should demand a refund for your college math classes. They didn't stick, did they ?

331 posted on 06/09/2005 7:54:49 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and <B>E.P.I.</B> please stop calling yourself a conservative!!)
[ Post Reply | Private Reply | To 218 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson