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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (410234)	5/29/2003 6:28:42 PM
From: Kenneth E. Phillipps	Respond to of 769670

None other than the article I posted.

To: Bald Eagle who wrote (410234)	5/29/2003 6:45:08 PM
From: Steve Dietrich	Respond to of 769670

Try this: story.news.yahoo.com It'a from an administration report commissioned when they were hawking SS privatization. But now that the party line is "deficits aren't so bad," they've lost interest in that line of attack. Steve

To: Bald Eagle who wrote (410234)	5/30/2003 2:08:23 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 769670

Fiscal Deficit Defined The report in the form of a pamphlet entitled “Fiscal and Generational Imbalances: New Budget Measures For New Budget Priorities” has been making the tour of Washington think tanks. Its authors use a new measure called “Fiscal Imbalance,” or FI to calculate how deep a hole the government is carving out for itself financially. This new tool, which eschews artificial horizons such as 5, 10, or 75 years into the future and instead unblinkingly eyeballs into a sobering perpetuity, formulates that fiscal imbalance (read deficit) for the federal government equals current federal debt held by the public plus the present value of all future federal non-interest spending minus the present value of all future federal receipts. Accountant-speak aside, the report concludes that running the numbers through the formula above results in the federal government’s total looming fiscal imbalance as equal to $44.2 trillion. newsmax.com