<<I won't argue with you. All I will say is that you
must be Bill Clinton's target audience when he tells
us that we are going to have a "4 trillion dollar"
surplus>>
That is a mistaken notion. Of course there is no surplus, the only reason we have a "surplus" is because of the looted FICA taxes. Using the surplus to save SS is ludicrous, its like borrowing $100 on your credit card to pay your monthly balance of $25. Silly eh?
But the government is not the economy, which is my point. Just because the government is bankrupt does not mean we are not the richest nation on Earth. Government budgets are not national productive yield. First, I did my homework last night. I got my GDP facts wrong, standard of living statistics factor in government health care, not GDP. But anyway, heres some facts I found in the CIA Handbook of International Economic Statistics for 1996. Enjoy.
World Total GDP: 35.9 trillion US percentage of world GDP 21%, European aggregate percentage GDP 21%. US Real GDP: 7576 bilion(#1, followed by China with 3878 billion)
World imports: #1 USA 817.8 billion
World exports: #1 USA 622.9 billion
Primary energy production and crude oil production, US #1 and #2, respective figures are 34767 (thousands barrels of oil equivalent per day) and 6471 (thousands barrels per day). That was an interesting figure for myself, the US is second only to Saudi Arabia in world crude oil production.
Foreign investment outflow: #1 USA 96.9 billion
Foreign investment inflow: #1 USA 74.7 billion
Major investors in US: #1 Great Britain #2 Japan |
