Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (18238)	4/26/2004 10:41:21 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 81568

Bearbobcat, The real number to watch - There has been an increase in the national debt of $675 Billion the past 12 months. The debt is increasing at a rate greater than 10% per year.

To: Bearcatbob who wrote (18238)	4/26/2004 10:44:55 PM
From: American Spirit	Respond to of 81568

The budget deficit this year is more than 500 billion. That doesn't include the huge cost of the war and Medicare. Tack on another 150 billion easy. BTW: You know where this money is really going? To the big fat cat corporate contributors of Bush. But if Bush gets re-elected the rich won't pay much of any taxes.

To: Bearcatbob who wrote (18238)	4/26/2004 10:55:36 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 81568

Here are the numbers I use: National Debt (4/23/2004): $7,135,539,992,298.41 National Debt (4/23/2003): $6,460,572,277,868.61 SOURCE (US Treasury): publicdebt.treas.gov This gives a deficit over the last 12 months of $674,967,714,429.80. ($674 Billion). I included this in my second post in this series: Message 20065478 The above number includes all the off-budget items and intra-government holdings (intra-government holdings includes social security surplus which is approximately $170 Billion this year). When talking about the deficit / national debt, it is important to understand the difference between "public debt" and "total debt". The number from the CBO includes only the "public debt" and excludes off-budget items. I argue that the annual increase in our debt equals the deficit!