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.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (361159)12/3/2007 1:00:06 PM
From: TimF  Read Replies (1) of 1577071
 
The budget deficit is a lot less than $1.4bil*365.

Raum is counting government debt to itself. The idea being to count the entitlement programs trust fund as an asset, and the amount one part of the government borrows from another as a liability. But for the government as a whole both of these exactly cancel out. In fact its not just an "asset and a "liability" that happen to be equal, its an "asset" and a liability" that are the same money. Considering the fund real wealth is Enron style accounting. Both the fund and the debt cancel each other out exactly, so in effect you have neither. (Of course you have all the additional debt to other sources, but that's projected for 2008 to be more like a third of the per day figure that Raum uses (partially for the reasons mentioned above, and partially because of declining deficits).

As measured by % of GDP the deficit will probably be somewhere around half of the post 1970 average.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News