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.

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

To: GPS Info who wrote (112687)	7/19/2015 5:38:33 PM
From: Metacomet	2 Recommendations Recommended By Elroy Jetson ggersh Respond to of 217906

To: GPS Info who wrote (112687)	7/19/2015 6:20:09 PM
From: bart13	Read Replies (1) \| Respond to of 217906

I'm not interested in "blaming", just in correcting false data and conclusions that rest on false or biased understanding and bad or incomplete facts. And if you don't think that a President or his party don't affect state and local total debt, then we disagree. Local debt is debt of cities, per table D3 in the Fed's Z1 quarterly publication. Total state and local debt is about 16% of Federal debt, and has been shrinking as a percent of total Federal debt since 1975 when the series started when it was about 46%. I didn't produce a Federal only chart primarily for that reason, but also because the Feds will likely continue to aid and bail out states or cities that get into serious debt trouble. And it's not like that taxpayers aren't on the hook for all government debt anyhow.