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

To: SergeiRachmaninov
Borrowing $2 billion a day from foreign nations to maintain her standard of liviing

Another know nothing hysteric myth without the slightest base in fact. Pat is almost a stupid as Ron Paul. $2 billion a day would be a federal deficit of 730 billion a year. Our actual Fed Deficit this year is around $190 billion.

Once again Pat demonstrates he is so sunk into senility that he has lost all touch with factual reality.

10 posted on 11/02/2007 5:34:16 AM PDT by MNJohnnie (Pacifism is not moral. True morality requires evil be opposed, not appeased)
[ Post Reply | Private Reply | To 2 | View Replies ]


To: MNJohnnie
Our REAL Federal deficit is around $500 billion, if not more. That's the amount by which the national debt has increased from 2006 to 2007, so anything less than this amount is accounting gimmickry.

FYI . . . A Federal government that borrows $500+ billion additional dollars and reports a $190 billion deficit is a big reason why the dollar is in a steep decline against just about every major foreign currency.

70 posted on 11/02/2007 6:40:20 AM PDT by Alberta's Child (I'm out on the outskirts of nowhere . . . with ghosts on my trail, chasing me there.)
[ Post Reply | Private Reply | To 10 | View Replies ]

To: MNJohnnie
U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 02 Nov 2007 at 02:49:13 PM GMT is:

$ 9,081,537,254,554.48

The National Debt has continued to increase an average of $1.44 billion per day since September 29, 2006

Once again it is the total debt we must focus on, not just what is accrued per quarter.

158 posted on 11/02/2007 7:51:42 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
[ Post Reply | Private Reply | To 10 | View Replies ]

To: MNJohnnie; Alberta's Child; RSmithOpt
Another know nothing hysteric myth without the slightest base in fact. Pat is almost a stupid as Ron Paul. $2 billion a day would be a federal deficit of 730 billion a year. Our actual Fed Deficit this year is around $190 billion.

The 2007 Budget Deficit is running at $190 billion.

The 2007 Trade Deficit is running at $760 billion.

Learn the difference and maybe you won't make a fool of yourself again, at least not in exactly the same manner.

436 posted on 11/02/2007 6:52:52 PM PDT by Pelham
[ Post Reply | Private Reply | To 10 | 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