Posted on 08/10/2005 11:15:11 AM PDT by SierraWasp
BULLETIN >> U.S. FEDERAL DEFICIT SHRINKS TO $53 BLN IN JULY
Not in either of our lifetimes, unless of course the secret Clintoon files ever get opened.
There we can agree!!!
I would be too. You had one great Professor.
Thanks, and it's right on topic. My favorite is the showing the burden of public debt on the economy. OK, sure there's lots of Union freepers who'd rather have zero debt even if it meant we were all starving and bankrupt, but there's nobody here who's that stupid.
I mean, who's more in debt-- someone earning $10 with a $1,000 loan, or someone earning $100,000 with a $2,000 loan. Reality is what it is. If taxes are cut, then the debt goes down.
The only thing that confuses me is why this has to be explained on a conservative forum.
We agree. This is one of the several issues I cancelled my enrollment in the Republican party over. But I have to give credit where credit is due, and hopefully this will keep getting better and we'll get on the right track again.
Congratulations! You did more to turn his attitude around than I ever could!! Excellent!!!
Here are the debt figures from the Bureau of Public Debt:
08/01/2005 $7,869,521,621,947.05
Prior Months
07/29/2005 $7,887,617,581,195.58
06/30/2005 $7,836,495,788,085.86
05/31/2005 $7,777,880,152,594.89
04/29/2005 $7,764,537,337,364.14
03/31/2005 $7,776,939,047,670.14
02/28/2005 $7,713,137,673,664.71
01/31/2005 $7,627,742,597,775.41
12/31/2004 $7,596,165,867,424.14
11/30/2004 $7,525,209,508,979.45
10/29/2004 $7,429,677,448,545.04
Prior Fiscal Years
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
Looks like a debt increase of about $480 billion from 09/30/2004- 08/01/2005
See that? We found stuff to agree on. Look, I hope your optimistic outlook serves you well. I hope we get to set a better course than the one we're on, and then we can all be happy together. My outlook on it is different from yours, but believe me, it doesn't stop me from enjoying my life and making the most of it. I just don't find 53 billion down the sewer in a month as something to cheer about, but I guess that 10 billion they shaved off is better than nothing.
It's a point taken. Thanks.
The trade deficit was cut to $50. That was from 11:22:17 to 11:22:18 this morning.
Actually it's more than 50 bucks a second, isn't it? :_)
I think you misunderstood me. I said a chart of federal deficits.
Right, and at the same time Total Family Wealth increased by about $5 trillion.
Now, I realize that there's lots of people who'd be willing to loose $10 just so they can have their debt reduced by $1, but that's dumb.
That's not true. The DEBT hasn't gone down at all.
But kinda like your request for "better numbers," I can't find another party with the resources to make as big a difference as the Repellicans! I get so tired of getting nothing for my vote than "the lesser of two evils!" That's what made me so high on Reagan and helps me endure some of the disgusting things I see Bush do on occassion.
The one that REALLY disgusts me is Schwarzenegger!!! To me, he's enough to gag a maggot!!! He's benefiting from a recovering CA economy while having done much to thwart said recovery!!! But that's all another subject...
From the news blurb posted at #11:
"Receipts came in $1 billion more than expected, while outlays were $4 billion less than CBO projected."
Apparently, from this sentence, expenditures aren't simply determined by what's been appropriated by law, but by what's actually been spent by the various agencies. And that's often determined by the situations that the agencies are responding to. Also, revenues fluctuate as well. It's a little early to say that the GOP's turning over a new leaf here. After what they've done for the past four years, they'd have to work pretty hard to convince me of that.
Clinton never fought the war he should have (Iraq), never prosecuted the, MCI's, Global Crossing's, Enron's, etc., never had the 9/11 hit he could have prevented (est. $1.8 trillion economic hit), never faced sustained $6-8.00 natural gas prices, sustained $40-$60 crude prices, never faced up to his buddies dot-com bubble bursting, never did shit but claim credit for the spillover Reagonomics that fell in his SCUM stained lap.
Easy to forget the war wer'e fighting, both there and here at home.
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