[Rhodes22-list] Economics - More Good News

[stan]

help:  what is the difference between our national debt and our national 
deficit ?  And what are the comparison figures for the same years for the 
national debt ?

capitalistic minds need to know

ss

----- Original Message ----- 
From: "Brad Haslett" <flybrad at gmail.com>
To: "The Rhodes 22 mail list" <rhodes22-list at rhodes22.org>
Sent: Friday, July 13, 2007 2:45 PM
Subject: [Rhodes22-list] Economics - More Good News


> Yesterdays record S & P was indeed good news!  Anyone look at the
> performance of their 401K lately?  No one needs to explain to me the
> fundamental weaknesses of the current economy, but by all conventional
> yardsticks, things look good.  If we had some fiscal discipline from the
> Congress and especially the White House, we could cut taxes again.  Alas,
> that won't happen.  But the previous tax cuts and the robust economy that
> has resulted has made significant reductions in our debt load.
>
> Total US Deficit
>
> 2004 - $413 billion
> 2005 - $318 billion
> 2006 - $248 billion
> 2007 - $205 billion
>
>
> US Deficit as a percentage of GNP
>
> 2004 - 3.6%
> 2005 - 2.6%
> 2006 - 1.9%
> 2007 - 1.5%
>
> I just love good economic news!
>
> Brad
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