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To: Andy from Beaverton

Um, that chart you're looking at shows our public debt, not the deficit. It's the difference between buying your house in cash, and meeting your mortgage payment. The scary thing is that we aren't even meeting our mortgage payments.


39 posted on 07/07/2005 7:50:58 PM PDT by dangus
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To: dangus

The deficit = debt year 1 - debt year 2

Do you need an example?
1959 debt.. $290,797,771,717.63
1960 debt.. $290,216,815,241.68
1960 ................ $580,956,475.95 surplus

1999 debt.. $5,656,270,901,615.43
2000 debt.. $5,674,178,209,886.86
2000 .............. $17,907,308,271.43 deficit


41 posted on 07/07/2005 8:31:24 PM PDT by Andy from Beaverton (I only vote Republican to stop the Democrats)
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