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2005-01-26 Home Front: Economy

All You Need to Know About the U.S. Fed. Budget Deficit

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Posted by trailing wife 2005-01-26 7:41:39 AM|| || Front Page|| [3 views since 2007-05-07] Top

#1 Thanks for the read, I have been trying to enlight people harping about the U.S. budget deficit that there is a reason that in the U.S. press we are always shown the Dollar-amount and not the actual percentage.

Posted by ocasional lurker 2005-01-26 9:46:27 AM|| 2005-01-26 9:46:27 AM|| Front Page Top

#2 I thought it would just be a picture of a piggy w/money in its' mouth and raining $.

I actually have to read?????

Posted by anonymous2u 2005-01-26 11:18:40 AM|| 2005-01-26 11:18:40 AM|| Front Page Top

#3 A2u -- of course you don't have to read, darlingest. Just imagine the piggy picture, and I'll bring you some milk and cookies shortly.

Posted by trailing wife 2005-01-26 2:08:51 PM|| 2005-01-26 2:08:51 PM|| Front Page Top

#4 The chart also doesn't reflect the future costs of the WOT (currently running what, about $80B a year?) and the revenue impact of making the last four rounds of tax cuts permanent (originally passed with 10 year sunsets which aren't likely to occur). Even with all that factored in, though, the percent of GDP news is pretty good.

Posted by VAMark 2005-01-26 4:23:25 PM|| 2005-01-26 4:23:25 PM|| Front Page Top

#5 The chart also doesn't reflect the future costs of the WOT (currently running what, about $80B a year?) and the revenue impact of making the last four rounds of tax cuts permanent (originally passed with 10 year sunsets which aren't likely to occur). Even with all that factored in, though, the percent of GDP news is pretty good.

The chart isn't likely to show the impact of not vigerously fighting the WoT.

A picture of an exploding bomb would suffice.

The chart doesn't show the recent paydown of the deficit by virtue of increased revenues by stimulating the economy with massive tax cuts.

Posted by Hillary Clinton 2005-01-26 7:05:26 PM|| 2005-01-26 7:05:26 PM|| Front Page Top

#6 I'm not an economist, but from what I've read it's a bit misleading to cite the Federal Government's debt as a percentage of GDP. Only our government's revenues can be used to pay down the debt.

Also our country is suffering from twin deficits -we also have significant trade deficits and inspite of our devalued dollar which should have helped selling more of our goods and services abroad. A devalued dollar without trade benefits is bad. We are forced to sell more Treasury bonds to countries like China and Japan. If they start increasing the interest rates on the money they have loaned us, we could be screwed.

Look it's all well and good to call this occupation of Iraq as a WOT, but unless this Admin. cuts its spending, foreign investors could give two hoots whether or not Iraqis vote or Afghans have a soccer game with soccer balls instead of human heads. It's the bottom line that counts, and investors are looking at us as an increasingly bad risk for re-paying the debt we are accumulating with them.

Posted by 2xstandard 2005-01-27 12:11:21 AM|| 2005-01-27 12:11:21 AM|| Front Page Top

00:11 2xstandard
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