| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
17 Aug 2006 11:14:18 AM |
| Object: |
Republican budget red ink continues to flow in torrents |
From The Associated Press, 8/17/06:
http://www.newsday.com/news/nationworld/wire/sns-ap-newsbrief,0,1411218.story?coll=sns-ap-nationworld-headlines
CBO Says Deficit Will Drop Then Climb
WASHINGTON (AP) --
The Congressional Budget Office on Thursday estimated that the federal
deficit will decline to $260 billion this year but will increase to
$286 billion next year with total deficits over the next decade put at
$1.7 trillion.
The $260 billion forecast for the current budget year, which the CBO
previewed earlier this month, would represent an improvement from last
year's actual deficit of $319 billion.
________________________________________________________
http://www.brillig.com/debt_clock/
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 17 Aug 2006 at 04:09:54 PM GMT is:
$8,490,810,258,261.42
The estimated population of the United States is 299,320,555
so each citizen's share of this debt is $28,366.95.
The National Debt has continued to increase an average of
$1.74 billion per day since September 30, 2005!
Harry
.
|
|
| User: "Ken Lovering" |
|
| Title: Re: Republican budget red ink continues to flow in torrents |
17 Aug 2006 01:04:46 PM |
|
|
These figures are grossly misleading. It is much worse. I have been tracking
the National Debt at http://zfacts.com/p/461.html
It is the most accurate debt clock on the web. The speed in which the debt
increases fluxuates from day to day and this site adjusts for that, updating
data on a daily basis.
I have been tracking the debt the last few days, and over the past 50.77
hours, the National Debt has increased 3.918 billion dollars. At that rate,
it would increase 676.02 billion dollars every 365 days.
Why the despairity over the figures below? Because over those 50.77 hours,
the Social Security Trust Fund increased by 999.75 million dollars and was
"loaned" to the General Fund. As I am writing this, the trust fund just
increased by over 1 billion dollars, while the General Fund has now reached
a total increase of 3.924 billion.
1.6 billion dollars from Social Security, Medicare and the gas taxes have
been loaned to the General Fund over the last 50.77 hours.
This graph http://zfacts.com/p/318.html shows how the National Debt has
increased/decreased, as a percentage of GDP, over the previous presidents.
Truman, Ike, Kennedy, Johnson, Nixon, Carter, Clinton, they all reduced the
National Debt, as a percentage of GDP.
The Bushs & Reagan have incurred massive increases in the National Debt.
Two major reasons for the deficits this Bush is running:
1. National Defense has increased over 40% under Bush
2. His tax cuts of 01 & 03 cut tax revenue by 295 billion a year.
Republicans use to be for balanced budgets, however, you have to go back to
Nixon & Ford to find a Republican President who practiced that philosophy.
Since Bush has obtained everything he's asked for, I would assume that there
isn't a Republican concerned about the deficits, so, if you want a balanced
budget and fiscal responsibility, I would say it's safe to assume you need a
Democratic Congress and White House Administration.
Or, is there a Republican out there who has stood up against Bush's fiscal
policies and is preparing to run for President?
"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:jm59e2t1s8tf3mi1iotntvq5feofasp1ln@4ax.com...
From The Associated Press, 8/17/06:
http://www.newsday.com/news/nationworld/wire/sns-ap-newsbrief,0,1411218.story?coll=sns-ap-nationworld-headlines
CBO Says Deficit Will Drop Then Climb
WASHINGTON (AP) --
The Congressional Budget Office on Thursday estimated that the federal
deficit will decline to $260 billion this year but will increase to
$286 billion next year with total deficits over the next decade put at
$1.7 trillion.
The $260 billion forecast for the current budget year, which the CBO
previewed earlier this month, would represent an improvement from last
year's actual deficit of $319 billion.
________________________________________________________
http://www.brillig.com/debt_clock/
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 17 Aug 2006 at 04:09:54 PM GMT is:
$8,490,810,258,261.42
The estimated population of the United States is 299,320,555
so each citizen's share of this debt is $28,366.95.
The National Debt has continued to increase an average of
$1.74 billion per day since September 30, 2005!
Harry
.
|
|
|
|
|
Related Articles |
|
|
