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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (495985)7/17/2009 1:48:10 PM
From: i-node  Read Replies (2) of 1577014
 
As a bean counter you should understand this...loan me $1M today...i will pay it back to you 8 years from now...deal?

Depending on your collateral and if the interest rate were sufficiently high, of course.

I get your point, but it simply isn't how we measure debt. Debt is always paid back in current dollars regardless of when it was lent.

I also understand the need for you guys to manipulate the numbers so you can lay claim to a "surplus". The reality is that if you're having to inflation adjust to get the numbers to work, it wasn't much of a surplus (and in this case, wasn't one at all).

As I pointed out previously, if you couldn't eliminate the deficit in the bubble Clinton enjoyed -- which wasn't done -- then there is no hope.

SD was wrong. I have shown him to be wrong. So now you guys want to change the argument. There is no end to it.

So, something we can agree on is that the deficit in the first six months of Obama's term is out of control. Totally. Worse than at any time in the past. You, of course, will blame it on Bush. But the reality is you're not blaming Bush's first year or two on Clinton (when the bubble busted).

There is no point arguing. I am right. You and SD are wrong. So let's just drop it.
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