SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Where the GIT's are going
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Augustus Gloop who wrote (148096)7/13/2007 9:52:13 AM
From: Oral Roberts  Read Replies (3) of 225578
 
Why be anything but buy and hold long right now?

The Current Fiscal Picture
By Greg Mankiw

OMB has released the latest figures for the budget deficit. My friend at the White House sends me an email to emphasize these key facts:

* This year's budget deficit (for Fiscal Year 2007) is now projected to be $205 billion.
* At 1.5% of GDP, this year's deficit is well below the 40-year average of 2.4% of GDP.
* Federal tax receipts are now at 18.8% of GDP, higher than their 40-year historic average.

And:
By Jayson Javitz on Economics
Wizbang

-- The federal government posted a monthly surplus of $27 billion in June.

-- So far this fiscal year the annual budget deficit is 41% lower than the deficit posted in the comparable period of the prior fiscal year.

-- The annual increase in federal spending at present actually is lower than the prevailing inflation rate.

-- Total net payroll employment by the federal government has declined in five of the past seven years.

-- Adjusting for the increased size of our economy's GDP, the budget deficit today is far below those posted in the 1980's and below the deficits posted through much of the 1990's too.

Obviously if Lou Dobbs and Paul Krugman found out about any of these items they'd soil their panties

feeds.wizbangblog.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News