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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (321444)	1/17/2007 8:57:44 PM
From: RetiredNow	Read Replies (2) \| Respond to of 1577147

It is unsustainable if we keep adding to it faster than the growth in the economy. In 2006, the US budget deficit was $406B. Including the off the books Iraq 2006 spending of $100B, that increases the total 2006 deficit to $506B. At the beginning of last year, the national debt was $8.1 trillion and now it is $8.6 Trillion. That an increase of 6.2% increase, which is roughly double the US growth rate of last year. Our debt and deficits are unsustainable because we're growing debt faster than the growth of our economy. Deficits are a very bad idea and Bush doesn't give a shit. References: federalbudget.com bloomberg.com