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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (13291)	8/27/2003 1:50:37 AM
From: patron_anejo_por_favor	Respond to of 306849

<<Action Hero SpongeBob Squarepants leading field of candidates in Presidential recall election>> Why not? After all, Dick Cheney bears an uncanny resemblence to Squidwad.....<G>

To: Elroy Jetson who wrote (13291)	8/27/2003 3:27:46 PM
From: MSI	Read Replies (2) \| Respond to of 306849

More like $700 Billion, according to the longest-serving member of the Senate Budget Committee, F. Hollings. 66.218.71.225 "Earlier this month, the Office of Management and Budget indicated on page one of their mid-session budget review that the deficit will be $455 billion this year. Yet on page 57, the last page of the same report, their bookkeeping clarifies that it will reach $698 billion. The document's figures also clarify that the nation's debt will increase $3.6 trillion over the next 6 years. These figures are highly significant to the nation's financial picture: a deficit of $698 billion this year is 6.5% of the nation's GDP, and the resulting $9.8 trillion debt in 2008 will exceed 70% of the country's GDP, both indicators of dangerous fiscal decline"

To: Elroy Jetson who wrote (13291)	8/28/2003 12:12:40 AM
From: ild	Read Replies (1) \| Respond to of 306849

The Real Deficit Jeffrey Tucker 8/26/2003 The headlines this morning are all about the new Congressional Budget Office prediction that the budget deficit next year (FY 2004) will approach $500 billion--far above the previous 1992 record of $290 billion. This is supposed to be a deadly blow to the White House. There's just one problem. Once you cut out all the fancy counting methods, and think of the bugdet deficit as the annual change in the government's debt (the old fashioned definition), we can see that the $500 billion mark has been reached and passed in the first 10 months of FY 2003. Using the Treasury's Debt to the Penny site, we come up with a current fiscal year deficit in 2003 at: $558,258,251,367. At current spending rates, another two months could add another $100 billion or so. mises.org