Neat budget US!

[Kieran]

Originally posted by crabofix
Yep, and you´re posessed.

No, what I mean is, if I took the time to learn Swedish I'd probably find better things to do than to spam a flightsim BBS about the evils of Swedish leadership and political doctrine.

But that's me.

[Dead Man Flying]

If you look at Debt/GDP, the United States debt burden represents about 31-32% of its total yearly GDP.  For Sweden, that percentage exceeds 50%, almost twice the average for the whole European Union.

Sweden's Deficit/GDP appears better than America's however.  From what I could find, deficit spending was only 1.5% of total GDP in Sweden in 2001 while it currently stands around 3 to 3.5% in the United States.

Crabofix, I wasn't aware that Sweden carries such an enormous debt relative to its GDP.  Is that a major issue of concern in your country?

-- Todd/Leviathn

[wulfie]

Originally posted by crabofix
US owes 370 billion  dollars for the next budget.

Don't worry - everything is going to be okay.

We're going to get Iran, Syria, and North Korea to 'buy out debt' from other Nations. Then we'll pay them back with interest in the form of scrap metal converted into bomb casings and back to scrap metal. American ingenuity at its finest.

FunkedUp for President!

Mike/wulfie

[crabofix]

Originally posted by Dead Man Flying

Crabofix, I wasn't aware that Sweden carries such an enormous debt relative to its GDP.  Is that a major issue of concern in your country?
-- Todd/Leviathn

Not anymore: as it is actully decreases and because the goverment has found out it cant spend more then it has.
Then the falling dollar has given us 25% of the original debt.

The debts where mainly counstructed in the begining of the 80´s.

Originally posted by Kieran

No, what I mean is, if I took the time to learn Swedish I'd probably find better things to do than to spam a flightsim BBS about the evils of Swedish leadership and political doctrine.

 But I will assure you, chasing blondes up and down the streets gets pretty boring after a while.  
Now, you are saying that I spam this board with stuff that does´nt belong here? I thought it was Ok to post mainly anything here in the O´club, as long as you didnt make personal attacks to anyone posting.

To make life a little less complicated for you, I will now tell you about the "ignore" option.
If You don´t like my posts, please use this option, it might help you in your daily concerns. It might also help you to forget the fact that I do belong to this community, as a paying member since 1999: You are not able to change that.

Edit
By the way, if 384 posts in 4 years, is spaming, what is then 3311 posts in 3 years?
Edit

[lord dolf vader]

im lovin it. castles made of republican sand.

[Toad]

Who was Prez when the debt first passed the $40 trillion line (in constant 1990 dollars) and what did he make the castles out of then?

I'm lovin' these posts. They show such a deep understanding of the budget process.

[Kieran]

Now, you are saying that I spam this board with stuff that does´nt belong here? I thought it was Ok to post mainly anything here in the O´club, as long as you didnt make personal attacks to anyone posting.

What I am saying is the sum total of your posts seem to remind me of a little girl running up to her big sister and making faces. If you don't like me sharing that opinion on an open forum, you may feel free to put me on ignore.

You're obsessed with the US, that's for darn sure.

[capt. apathy]

he was stuck with a defficit budget and huge amounts of interest right from the start but you can look at '92 and see the debt begin to level off, growing by a smaller and smaller amount every year.  

you can hardly blame him for it hitting the 4t mark when faced with the interest quickly piling up from the spend-thrift 80's.  but even faced with the run-away debt left to him by goerge sr he managed to start riegning it in almost imediatly.

of course once jr was in he managed to get that debt growing in a stellar fashoin,  even out did his old man.  hell he even did better than reagen, it took reagan a couple years to turn around the shrinking defficate left to him by Carter.

[Toad]

You miss the point, my dear Captain.

I did not "blame" anyone. In fact, my intent was just the opposite.

The idea that you can blame... or praise... any ONE man, even the President, for the state of the US National Debt is rather... ill-informed.

To do so, IMO, shows a lack of understanding of how the US Government decides how much to spend and what to spend it upon.

But the extremely shallow "It's all _____________'s fault!!!!" is kinda entertaining from those that pretend to be the only one's that see the conspiracy/danger/disater/end of days stuff.

Personally, I hold Col. Mustard responsible. Have you seen the price of candlesticks these days? And the rent on the Library! No wonder the debt's so high!

[miko2d]

crabofix: US owes 370 billion  dollars for the next budget.

 You shut up and keep your government buying those US treasury bonds.

crabofix: It was about 160 billion dollars, thats even more scary concidering the 9 millions that live here.

 Then why do you keep over 16 billion of US debt and buying more? It's not like we are paying you high interest or have trade surplus which will cause our currency to appreciate...

crabofix: Then the falling dollar has given us 25% of the original debt.

 Oh,  I see - you are catching on. Your country got suckered into going into debt to buy dollars way ago when a dollar had much more value.
 Then the value of your dollar holdings sunk while the debts remained, so that now we can taunt you after cheating you? Suckers....


Dead Man Flying: If you look at Debt/GDP, the United States debt burden represents about 31-32% of its total yearly GDP.

 Man, you got cheated by yout math teacher. We have over 7 trillion of the official debt - which is about 65% of the GDP of about 11 trillion.

 But as comptroller general recently explained, the official debt does not include the US bonds owned by special trusts - SSI and medicare, so that adds anotehr what, 5-6 trillion? That makes our debt - in legal notes issued by US government to be 13 trillion, which is 120% of GDP.

 But what we owe in SSI/Medicare is not just the notes. The value of obligatuions that we legally have to pay must be estimated according to the actuatial tables and capital discounts. To make long story short, in constitutes conservatively 45 trillion dollars worth of current obligations. How is it? 50+ trillions against 11 trillion GDP (which is a fake number, btw, grossly overstated).


Udie: Why doesn't anybody ever talk about congress?

 Even ancient greeks knew this simple truth. The democratic politicians are only successfull in their careers if they concentrate on short term benefits.

Did anybody find it just the least bit currious that the first year we had a Republican controlled congress (House and Senate) in like 30+ years was the first ballanced budget we had in those 30+ years?

 False wealth effect of a credit-induced stock market bubble that confiscated a lot of capital under guise of income?


 From 1983 on however, the Debt has just been rocketing upwards.

 Shortly after we created the "Great Society" on top of the "New Deal". Hmm, coincidence?

[crabofix]

Originally posted by Kieran
What I am saying is the sum total of your posts seem to remind me of a little girl running up to her big sister and making faces. If you don't like me sharing that opinion on an open forum, you may feel free to put me on ignore.

You're obsessed with the US, that's for darn sure.

I think you´re a little bit lost, I dont see how this connects with the US budget?

So what if I am "obsessed" with the US? I might have good reasons to be interested in what is going on in your country.
But whatever reason I might have, is non of your concern

[miko2d]

crabofix: But whatever reason I might have, is non of your concern

 You have to understand Kieran.
 There are two types of cheaters. The first borrows your money with no intention of repaying, screws you up and treats you with (fake) love and affection, as long as he does not have to repay.
 The other type takes your money and then turns hostle and abusive and even claims he did you a favor.

 Kieran is just the latter type. It's a trait of character - not really a concious choice in most cases. Not sure if it's inherited or a parental influence in raising an ungratefull brat...

 miko

[crabofix]

Originally posted by miko2d
crabofix: US owes 370 billion  dollars for the next budget.

 You shut up and keep your government buying those US treasury bonds.

crabofix: It was about 160 billion dollars, thats even more scary concidering the 9 millions that live here.

 Then why do you keep over 16 billion of US debt and buying more? It's not like we are paying you high interest or have trade surplus which will cause our currency to appreciate...

crabofix: Then the falling dollar has given us 25% of the original debt.

 Oh,  I see - you are catching on. Your country got suckered into going into debt to buy dollars way ago when a dollar had much more value.
 Then the value of your dollar holdings sunk while the debts remained, so that now we can taunt you after cheating you? Suckers....

well, we havent taken any loans for a couple of years and are actully able to pay back some. Still, it is a horried amount of money that we owe.
In the beginning of the 90`s dollar was 1/5.50 sek, last year, it hit 1/10.50, now it has gone down to 1/7.50 and it is falling every day.

[crabofix]

In sweden 1% owns 90% of all money, but they only pay 10% off the taxes, the rest, 99% pays 90% of the taxes.

The tax here is about 55% for a common man.

[miko2d]

In sweden 1% owns 90% of all money, but they only pay 10% off the taxes, the rest, 99% pays 90% of the taxes.
 The tax here is about 55% for a common man.

 That is a meaningless statistics.
 The taxes are paid off income.
  The money owned is wealth.

 Your top 1% earns about 5% of income - just 5 times the average which is no big deal. A qualified specialist is certainly 5 or more times more productive than an average (IQ 100) worker.

 Those 1% are taxed much more heavily on their income than other 99%.

 Also, out of 90% they own, only a tiny frection are consumer goods. The rest are capital - factories, farms, companies, etc. You cannot enjoy a factory, wear it or drink it. The only thing a factory is good for is producing goods that satisfy the customer's demands.

 The customers determine what is being bought, and thus what is being sold and thus what is produced. Factories are working for the benefit of the consumers and the "rich" owners are just in charge of managing them.

 The actual consumable goods the rich own - houses, cars, clothes, food, are not that much better than "average people" posessions while being much more expensive in monetary terms. So even that disparity of wealth effect is hudely overblown.

 miko