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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction
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To: Sully- who wrote (70666)3/31/2009 4:27:08 PM
From: rich evans1 Recommendation  Read Replies (2) of 90947
 
Well, Sully as a CPA you can take solace that a lot of the 1.75 trill deficit projected is lending/investment not spending. I would be interested in what the numbers are without all the tarp, AIG, GM etc. The other problem is that the current account deficit made up for a lot of our budget deficits in the past as the foreigners had to bring their dollars here for investment etc. But now the trade deficit is shrinking from about 60bill per month to 20 bill so less dollars available to bring home to offset our budget deficits. All this is hard to figure without details. Ben Bernanke says he can sell securities on the permanent desk to bring down the money supply when quantitative easing is no longer necessary. And all the facility lending is being done on the temporary desk which automatically repaid in the term specified unless rolled over.
Rich
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