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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (32906)	2/18/2009 12:32:23 PM
From: TimF	Respond to of 71588

But that's not what the author was arguing. He was saying that the move from 9 to 10 trillion was a result of borrowing from the SS trust fund. Not exactly. He was talking about (for lack of a better term) "the treasury deficit", the amount the government borrows including the amount it borrowed from other parts of the government. He would count borrowing from other government funds in his determination of the deficit, but the borrowing isn't the reason for itself, spending elsewhere is the reason, and I don't think he disputed that or asserted otherwise. I think we should keep a count of such borrowing, and release figures about it, but those figures shouldn't be (and currently aren't) the headline deficit number. He apparently thinks they should be the headline deficit number.