Deficit Falls to Lowest Level in 4 Years

[millercash]

Hi everybody,

My name is Eva, I am 41 yrs old, living in Scottsdale, AZ.

I'd love to make good close friends here.

Thanks,
Eva.

[aps45819 (Premo)]

Originally Posted by millercash

Hi everybody,

My name is Eva, I am 41 yrs old, living in Scottsdale, AZ.

I'd love to make good close friends here.

Thanks,
Eva.

PM me a naked picture of yourself.
If you're not scary looking, I'll be your friend

[EmptyTimCup]

Originally Posted by millercash

Hi everybody,

My name is Eva, I am 41 yrs old, living in Scottsdale, AZ.

I'd love to make good close friends here.

Thanks,
Eva.

and you choose this thread to resurrect ?


YAMPD

[Baja28]

Oh no! The Nigerians have discovered the forums.

[PsyOps]

Originally Posted by millercash

Hi everybody,

My name is Eva, I am 41 yrs old, living in Scottsdale, AZ.

I'd love to make good close friends here.

Thanks,
Eva.

Andy,

Not cool!

Psy

[FromTexas]

Originally Posted by Larry Gude

...not at all. I think 'him' has proven rather...elusive when it comes to actually debating a given issue. I'm talking in general and all are welcome to opine.

To me, it is nothing short of classic chicken little-ism to be about deficit spending today, yesterday or tomorrow unless it is contextual to the source of the money that pays for it; gdp. Point being governmental deficit spending, aka 'borrowing' is not in and of itself a bad thing.

For instance, you show a chart showing the debt over the last 20 years;

09/29/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
09/30/2002 $6,228,235,965,597.16
09/28/2001 $5,807,463,412,200.06
09/29/2000 $5,674,178,209,886.86
09/30/1999 $5,656,270,901,615.43
09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00

That's a pretty good picture by anyones standard, point being how much value is there in discussing gdp and debt and deficits from 30 and more years ago in the context of a debate over current policy: Good old day-ism is only so useful. Case in point;

U.S. National Debt Graph: Since Great Depression

The lowest debt as % of gdp since the end of WWII was the Carter years. Anyone wanna advocate Carter economics? If my new best friend forestal thinks things are out of whack now yet just peachy under Bubbanomics, the same graph says if things are wrong now and not then, it ain't because of gdp to debt ratios and, even more to the point, the Bubba Bubble Burst downturn of 2000 that W inherited corresponded with with the oh so lauded 'improvement' in gdp:debt ratio. HOW CAN THIS BE???

So, debt vs. income (gdp), what's a good number and why? Same thing for deficit spending. Once again using the BubbaMatrix, deficit spending should now be just about where they are.

This probably boils down to how one keeps score. While it is true W is responsible for record deficits, it is also meaningless without context; he is also responsible for record GDP and record US Treasury receipts.

Percentage is king, that's my argument.

How are those percentages doing now?

[Bann (Premo)]