BULLETIN >> U.S. FEDERAL DEFICIT SHRINKS TO $53 BLN IN JULY

Dow Jones Big Charts.MarketWatch.com ^ | 8/10/05 | Rex Nutting, MarketWatch

[SierraWasp]

BULLETIN >> U.S. FEDERAL DEFICIT SHRINKS TO $53 BLN IN JULY

[expat_panama]

If taxes are cut, then the debt goes down   ...That's not true. The DEBT hasn't gone down at all.

You're right --and you're wrong, it depends on what you mean by 'debt'.   If I see the sum of my credit balances and mortgages growing, but at the same time I see my brokerage and savings accounts growing more, I consider myself less in debt even if I technically owe more money.

[MEG33]

http://www.marktaw.com/culture_and_media/TheNationalDebt.html

I like to look at it historically..I lived in that 1944 period..

[Ernest_at_the_Beach]

You're really not supposed to post stuff that is off topic.

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The economic cost of 9/11 is off topic?

You really need HELP!

[Huck]

I consider myself less in debt even if I technically owe more money.

John kerry, is that you?

[BOBTHENAILER]

Really? What has the budget got to do with the Jamie Gorelick memo?

The possible apprehension of at least the leading cell of the 9/11 jihadists, whose antics put at least a $1.7 trillion dollar immediate hit on the economy, not to mention the resulting war to go after the bastards, not to mention the ensuing drag on the market, etc., etc., etc.

Obviously you sat out the economy and the market post 911.

[Huck]

Plenty of people have already cited the war as a cause for the deficit spending.

[Ernest_at_the_Beach]

Thanks for the help!

[Huck]

You think if Atta had been caught, there would be no war on terror? It was just one guy?

[Huck]

I have done just as well post 9-11 as pre 9-11.

[Ernest_at_the_Beach]

Are you a recent grad of our Publik Schools?

[Huck]

Are you still pursuing graduation? You behave like a child. I guess it's that anonymous internet thing. i doubt you're this much of an idiot in person.

[SierraWasp]

"So negative!"

"Whatever..."

[Ernest_at_the_Beach]

Plenty of people have already cited the war as a cause for the deficit spending.

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And Bush started the war?

[BOBTHENAILER]

Thanks in great measure to Jamie's memo, we'll never know the answer..

[SierraWasp]

Dang! You caught me red-handed!!! (grin)

An all I was tryin ta do was be even handed, y'know... (smirk)

[justshutupandtakeit]

While this is a very deceptive headline and is so in the article it is derived from it is still good news and indicates that the tax cuts are working.

[expat_panama]

I consider myself less in debt even if I technically owe more money.  John kerry, is that you?

Dang!  I keep going to fast --I'm really sorry, it's a bad habit of mine. 

Let me have one more shot.   You're probably having a hard time with all these things like credit cards and mortgages and stuff.

Just think about Scrooge Mc Duck. He's got a jillion dollars and let's imagine him having to borrow a dollar for a ride home on the bus so he can get back to his money. 

Now think about goofy.   He's broke, but he foolishly borrows a dime for chewing gum even though he'll never be able to pay it back.

Now take a deep breath and think:  who has a bigger problem with debt, Scrooge, or Goofy?

[blackie]

Roger that ~ you've nailed it ~ Bump!

[Marine_Uncle]

"The truth is, starting with Reagan, the fed gov took deficits to a whole new level."

It is a bit hard to deny there is not truth in that statement.
We have to remember, during the Yimmity Caatttaa years, the then demo POTUS and demo controlled congress cut back on military spending so much that when Ronnie got in he had no choice but to start re-building the military. And though I do not have charts at my disposal, believe it is fair to say we put a lot of bucks back into the military. So with not cutting back on any social programs, which obviously are the largest piece of pie, we did spend ourselves into a larger deficit. If ying yang and the congress did not cut the military budget earlier on so drastically, the Reagan years could have had little to complain about.
Other then that I am not entering this fray. If I am dead wrong. So be it. My statement will be exposed as a falsehood.

[Marine_Uncle]

The twit should be in prison.