Let's end the national debt. Message Board

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Non-Tech : Let's end the national debt.

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To: Gersh Avery who wrote ()	7/27/1999 9:22:00 PM
From: Gersh Avery	Read Replies (2) of 109

A note about deficit spending. Berney was kind enough to dig up the figures. 09/30/1998 $5,526,193,008,897.62 09/30/1997 $5,413,146,011,397.34 -------------------- $113,046,997,500.28 He supplied these in post #reply-10662257 So then for FY 1998 the government went $113 billion more in debt than in FY 1997. We have been told that the government collected more that it spent during that time. We are being told that there is a "surplus." This can not be true. The debt has continued to go up. The US Treasury continues to sell bonds to get the day to day working capital to run the government. These bonds would not be sold if there was no need for additional debt. Yet the sales continue. Berney also supplied this link. This is where you can see how much more debt has been added since we've been told that there is an ongoing surplus. brillig.com We are being duped into believing that there is a real surplus and there isn't. This shows the lengths that our elected leaders are willing to go in order to maintain the practice of deficit and pork barrel spending. It would be nice if Ted David and the CNBC crew would do a story about this massive lie the public is being told. There it is .. Gersh

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