Skip to comments.
Another Possible Bump to the Debt Ceiling (to nearly $10 TRILLION)
Washington Post ^
| May 9, 2006
| Jonathan Weisman and Shailagh Murray
Posted on 05/09/2006 11:04:47 AM PDT by soccer_maniac
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-56 last
To: Dead Corpse
Well the deficit is shrinking and the thanks to tax cuts and growing economy so is the debt burden. The historical peak for the debt was 120% of GDP following WWII, so the present debt burden is really not a big deal so long America can maintain a growing economy, by say
KEEPING DEMON-RATS OUT OF OFFICE!
41
posted on
05/10/2006 7:29:27 AM PDT
by
ElTianti
To: ElTianti
The deficit is shrinking? Only as a percentage of GDP and only because the FedGov is raking more in in taxes they can turn around and spend.
Er... we could be cutting spending NOW and paying down the debt with supposed "conservatives" holding the House, the Senate, and the Executive. No sign of that happening.
Yes. Rats would be worse. But right now the GOP'ers in office are spending like Rats so there isn't a whole lot of difference.
42
posted on
05/10/2006 7:34:22 AM PDT
by
Dead Corpse
(I believe that all government is evil, and that trying to improve it is largely a waste of time.)
To: Dead Corpse
The deficit is shrinking? Only as a percentage of GDP and only because the FedGov is raking more in in taxes they can turn around and spend.
That's the only meaningful measure!
43
posted on
05/10/2006 8:17:33 AM PDT
by
ElTianti
To: ElTianti
No. The only meaningful measure is how much is coming out of the taxpayers pocket. A rise in the individuals share of the Federal debt is NEVER a good thing.
Especially since we can go right down the latest spending spree bill and find numerous examples of Extra-Constitutional programs being funded. The FedGov has a limited set of duties to perform. Anything else should be CUT. It'd save us trillions in unfunded liabilities.
44
posted on
05/10/2006 8:19:57 AM PDT
by
Dead Corpse
(I believe that all government is evil, and that trying to improve it is largely a waste of time.)
To: ElTianti
I don't mean to pick on you, but you set yourself up as someone who knows things yet you make the silliest comments.
Debt/GDP is the only relevant measure? Do you realize that GDP includes gov't spending? Also, GDP is not a very reliable number as it's calculated by a gov't agency and it's based on significant assumptions and forward looking estimates.
45
posted on
05/10/2006 10:26:55 AM PDT
by
soccer_maniac
(Do some good while browsing FR --> Join our Folding@Home Team# 36120: keyword: folding@home)
To: soccer_maniac
Thank God the Republicans are in power /sarcasm
To: mc6809e
Yeah, that would solve this whole problem.
To: Dead Corpse
The National Debt has continued to increase an average of $1.95 billion per day since September 30, 2005!
It takes a lot of taxpayers to collect $2 billion in taxes.
48
posted on
05/10/2006 10:28:19 AM PDT
by
soccer_maniac
(Do some good while browsing FR --> Join our Folding@Home Team# 36120: keyword: folding@home)
To: soccer_maniac
But, when adjusted for inflation as a % of GDP...
49
posted on
05/10/2006 10:28:46 AM PDT
by
Glenn
(There is a looming Tupperware shortage. Plan appropriately.)
To: soccer_maniac
50
posted on
05/10/2006 11:38:47 AM PDT
by
ElTianti
To: ElTianti
51
posted on
05/10/2006 11:39:42 AM PDT
by
ElTianti
To: soccer_maniac
Are you saying a debt and an unfunded liability are the same?
No answer? Realize your error?
52
posted on
05/10/2006 2:46:47 PM PDT
by
Toddsterpatriot
(Why are protectionists so bad at math?)
To: Toddsterpatriot
Are you saying a debt and an unfunded liability are the same? Yes, they both appear in the liabilites section of the Balance Sheet.
53
posted on
05/10/2006 3:59:25 PM PDT
by
soccer_maniac
(Do some good while browsing FR --> Join our Folding@Home Team# 36120: keyword: folding@home)
To: soccer_maniac
If GM borrows money from a bank, the bank has a claim on GM's assets. That's a debt.
If GM promises to pay the health benefits of retired workers and their families, that's an unfunded liability. If GM decided tomorrow not to pay them anymore, they'd have no claim on GM's assets.
If the Feds decided tomorrow to stop paying Social Security, recipients would have no legal claim to benefits.
54
posted on
05/10/2006 6:19:56 PM PDT
by
Toddsterpatriot
(Why are protectionists so bad at math?)
To: Glenn
The US GDP is about 11 Trillion so the debt cieling is not 89% of GDP.
55
posted on
05/10/2006 6:32:44 PM PDT
by
rmlew
(Sedition and Treason are both crimes, not free speech.)
To: soccer_maniac
Very interesting. What is that rumbling noise I hear? No, it's not the fiber.
56
posted on
05/10/2006 6:36:53 PM PDT
by
devane617
(The truth, not politics, is right for our beautiful America.)
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-56 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson