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

To: Lizzie Tudor who wrote (113338)	3/28/2008 10:55:11 PM
From: Hawkmoon	Read Replies (6) \| Respond to of 306849

We went into this decade with Bush as a new president with a 3.5 trillion dollar debt. Funny, The US Treasury data seems to call you a liar (little surprise there): treasurydirect.gov National Debt in Jan, 2000: 5,776,091,314,225.33 National Debt in Jan, 2008 9,229,172,659,218.31 Btw.. that TOTAL National Debt, not merely public debt or intragovernmental holdings.. But let's look at public debt from: 09/29/2000: $3,405,303,490,221.20 12/31/2007: $5,136,302,727,072.67 That's an increase of $1.5 Trillion over 8 years. Now, as for Intragovernmental Holdings (debt the government owes itself at some point in the future.. think Social Security Trust Fund, SSTF), that has increased by $1.8 Trillion: 09/29/2000: 2,268,874,719,665.66 12/31/2007: 4,092,869,932,145.64 Now.. how does this compare to US GDP over those 8 years? Real US GDP in 2000 was $9,817.0 Real US GDP in 2006 was $11,319.4 measuringworth.com Estimated GDP for March, 2008 is $14 Trillion.. forecasts.org FURTHERMORE, the Social Security SURPLUS is INCREASING THE NATIONAL DEBT. I'm sure you didn't know that when the government collects more FICA tax revenues (social security surplus revenue), T-bonds are placed in the SSTF account WHICH INCREASES THE NATIONAL DEBT (intragovernmental holdings. The money is then applied to the general federal budget to be spent. Social Security taxes from today's workers go toward paying today's retirees. Social Security will continue to take in more money than it has to pay out through 2017, according to the latest calculations by the Congressional Budget Office (CBO). money.cnn.com Did you understand that?? SS is STILL in surplus.. And when SS is in surplus INCREASES THE NATIONAL DEBT because the only thing that the SSTF can invest in is government debt. And government debt is money that the Federal government MUST spend DO YOU UNDERSTAND??!! Thus, if GDP were the same as it was in 2000, you might have something to worry about with regard to the increase in the national debt.. But GDP has grown by almost 40% (but still not as fast as the national debt). But as it stands right now, the US is #65 on the list of nations regarding national debt to GDP ratio. Japan is #1, and Germany is something like 19 or 21 (France is the other).. You are trying to wordsmith around the issues. You're the one pulling Trillions of dollars of spending out of your @ss.. I'm just the messenger for the facts as they stand.. I didn't create this data.. I'm just reporting it to you.. It's not my fault that your obviously sub-standard education doesn't enable you to understand it. Hawk