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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (20478)	7/26/2007 2:42:38 PM
From: foundation	Read Replies (1) \| Respond to of 218131

re: The Federal budget defict is now only 205 Billion per year, way down from the 500 Billion of a few years ago. ---------- LOL! ... bow to the power of the 'ruling group mind' ... while my wife is distracted, I can put nearly any morsel of food in front of her mouth - and she will eat it without thinking. ... in this behavioral aspect, you and she are... identical. LOL! Baaaa! Baaaa!

To: energyplay who wrote (20478)	7/26/2007 2:45:39 PM
From: Sawdusty	Respond to of 218131

"The Federal budget defict is now only 205 Billion per year, way down from the 500 Billion of a few years ago. A little inflation pushing up tax reciepts next year could get the Federal budget balanced without new taxes." "Of course, just cutting Iraq expenditures in half would put the budget into surplus." This would indicate not. "Funding Wars Through Supplementals Has Been Problematic — Virtually all of the $500 billion provided for war operations since 2001 has been provided through supplemental and emergency funding measures. Using supplemental appropriations has been a problem for several reasons: one, it has required the military to divert funds from regular accounts to pay for war costs until a supplemental is enacted, with adverse effects on readiness; and two, it has allowed the Administration and Congress to circumvent tough choices in the budget by keeping emergency spending effectively “off-budget.” The result is larger deficits." house.gov

To: energyplay who wrote (20478)	7/26/2007 2:48:42 PM
From: KyrosL	Read Replies (1) \| Respond to of 218131

The Federal budget deficit is now only 205 Billion per year It depends on what the definition of deficit is :) The most reasonable derivation of the deficit can be done by subtracting the total US government debt at the end of June 2007 from the total government debt at the end of June 2006. The number is $537 billion, which is two and a half times more than the deficit the Bush administration publicly admits. But the numbers are there for all to see, if they do some digging: $537 billion for the last 12 months. I have no idea how the 205 billion number is being derived. For example, does it include Iraq and Afghanistan war costs? I do know it uses SS trust fund contribution surpluses to fake out the real deficit. By the way, it is now pretty hard to extract the monthly total public debt numbers from the Treasury site. It was pretty easy up until a year or so ago when I last checked before today.