[Rhodes22-list] Economics - More Good News

[stan]

OK, I get it now.    We are patting ourselves on the back for decreasing the 
deficit and doing it by increasing the debt.  Sounds politically correct to 
me.  But I don't think I would write home about it.  The voters may be 
beginning to catch on.

Brad has the jump on us, he probably already knows Chinese .... and we 
better start learning it.

ss

----- Original Message ----- 
From: "Rob Lowe" <rlowe at vt.edu>
To: "The Rhodes 22 mail list" <rhodes22-list at rhodes22.org>
Sent: Friday, July 13, 2007 3:01 PM
Subject: Re: [Rhodes22-list] Economics - More Good News


> Oh, I think Stan knows, but here goes anyway.
>
> The deficit is the yearly difference between spending and receipts.  The
> national debt is the sum of all the yearly deficits to date. The national
> debt is approaching $7 trillion (yep, with a T).  Just think, your 
> personal
> share is only about $30K, just short of the price of a new Rhodes.
>
> http://www.brillig.com/debt_clock/
>
> - rob
>
>
> ----- Original Message ----- 
> From: "stan" <stan at rhodes22.com>
> To: "The Rhodes 22 mail list" <rhodes22-list at rhodes22.org>
> Sent: Friday, July 13, 2007 2:52 PM
> Subject: Re: [Rhodes22-list] Economics - More Good News
>
>
>> 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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>>
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>
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