Author Topic: Neat budget US!  (Read 1104 times)

Offline Zippatuh

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Neat budget US!
« Reply #30 on: October 21, 2003, 09:21:13 AM »
Quote
Originally posted by capt. apathy
the sad part is that the debt we picked up durring the reagan/bush 80's...


Sad???

Single handedly responsible for ending the cold war.  Looks like money well spent to me.

Of course, hind sight being 20/20 we may have been better off it were still going on.

Offline JBA

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Neat budget US!
« Reply #31 on: October 21, 2003, 09:29:20 AM »
I have posted on this many times but I will do it again

The deficit is 3.5% of GDP which is smaller then the average for the last 50 years of 4.3%. It averaged 5-6% through the 80's and was 38% after WWII. We are no where near records and we are just were we would expect to be considering the  march 2000-nov 2002 recession/war.

FYI the US spent 750 billion on education last year 10,540 per student k-colleage. The world average is 5,000. Yet the US student ranks 50% in world standings. You want to balance the budget, start right there.
"They effect the march of freedom with their flash drives.....and I use mine for porn. Viva La Revolution!". .ZetaNine  03/06/08
"I'm just a victim of my own liberalhoodedness"  Midnight Target

Offline Dead Man Flying

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Re: Re: Neat budget US!
« Reply #32 on: October 21, 2003, 09:35:39 AM »
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Originally posted by miko2d
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.


Wow, thanks for explaining how to do percentages, miko.  Next maybe you can teach me how to multiply big numbers.

The number was based upon debt estimates around $4.5 trillion and corroborated by numerous websites comparing debt burdens across North America and Europe.  Your points about uncounted debt are well taken, but your obnoxious attitude needs some work.

-- Todd/Leviathn

Offline Kieran

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Neat budget US!
« Reply #33 on: October 21, 2003, 09:53:49 AM »
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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


Edumacate me, Miko. I thought I was responding to Crab's consistant "Hahaha! Your economy is going in the toilet!" theme. I don't recall suggesting we'd done his country any favors. Perhaps you can show me where I did? I think it is a fair assessment of his posts to infer he is quite pleased when the US economy looks bleak, and it is also fair to say he is gloating about it. Hey, but you're right, I'm the one with the problem.

Heck, truth of the matter is I can go whole years without once thinking of Sweden, insignificant as it is on the world stage. (I threw that insult in there so you'd know what it looked like when I was half-trying).

Offline miko2d

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Re: Re: Re: Neat budget US!
« Reply #34 on: October 21, 2003, 10:06:48 AM »
Dead Man Flying: The number was based upon debt estimates around $4.5 trillion and corroborated by...  Your points about uncounted debt are well taken, but your obnoxious attitude needs some work.

 Since you are being civil, I am sorry about my attitude.

 On September 17, 2003 the head of GAO Comptroller General David Walker had a speach at the national press club in Wash. DC.

Truth And Transparency

Quote
According to my math, that left us with an approximate $7 trillion accumulated deficit, or a little over $24,000 for every man, woman and child in the United States.

...

Specifically, there are a number of very significant items that are not currently included as liabilities in the federal government’s financial statements; for example, several trillion dollars in non-marketable government securities in so-called “Trust Funds.” In the case of the Social Security and Medicare Trust Funds, the federal government took in taxpayer money, spent it on other items and replaced it with an IOU. Given this fact, why aren’t the amounts attributed to such activities shown as a “liability” of the U.S. Government? At the present time, they are not!

...

The current U.S government liability figures also do not adequately consider veterans’ health care benefit costs provided through the Department of Veteran’s Affairs nor do they include the difference between future promised and funded benefits in connection with the Social Security and Medicare programs. These additional amounts total tens of trillions of dollars in discounted present value terms. Stated differently, they are likely to exceed $100,000 in additional burden for every man, woman and child in America today...


 I will appologise for my attitude again if you read all 7 pages of the report. He is saying pretty much what I have been saying - that our country is headed towards disaster in a near future (10-15 years) even without unexpected events like a war, terrorism or ecological/natural disaster.

 He does not know or would not admit the fundamental cause for what is happening - blaming fiscal, rather than monetary policies for the problem. But he deals the facts straight for a change.
 Read all 7 pages, you will get a good scare.

 miko
« Last Edit: October 21, 2003, 10:24:07 AM by miko2d »

Offline Kieran

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Neat budget US!
« Reply #35 on: October 21, 2003, 10:35:52 AM »
WHAT?! No apology to me?! hehe...

Offline miko2d

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Neat budget US!
« Reply #36 on: October 21, 2003, 11:05:48 AM »
Edumacate me, Miko. I thought I was responding to Crab's consistant "Hahaha! Your economy is going in the toilet!" theme.

 Yes, you said stuff like  "You're obsessed with the US, that's for darn sure.". So what if he is concerned with US because his tiny country loaned us 16 billion dollars - which were once worth much more than they are today. Also because we spout idiocies about democracy, free market, prosperity, peacefullness and virtues of exports while doing exactly opposite in all those respects.
 We are a big country. Once we discredit all those concepts, the human civilisation will take quite a while if ever to warm up to them again.

 16 billion is about $2000 for every soul in Sweden - after all the money is taken from and repaid to people. That would be like a $533 billion for a country of our size. Since the debt was accumulated over time and dollar was more valuable, it may well be a trillion dollar's or more worth in today's money.

 I bet if US was owed a trillion by Sweden, and Sewden was still going down the financial hole, you would believe yourself entitled to some opinion on how lousy workers and poor managers those people were...

assessment of his posts to infer he is quite pleased when the US economy looks bleak,

 We do tend to boast how well we live and thus how right we are, forgetting that over a quarter of our consumption is supplied by foreigners and most of our growth is financed by them. And that much of our accumulated wealth was paid for by foreignerd on who's obligations we've defaulted.
 When one steals and then uses aquired wealth as a proof of inherent virtue and correct action, realistically thinking people are justified to at least enjoy the correctness of their previous predictions.

Heck, truth of the matter is I can go whole years without once thinking of Sweden, insignificant as it is on the world stage.

 Right, that's what I said. Your government already took their money, so now they can just bug off...

 miko

Offline Kieran

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Neat budget US!
« Reply #37 on: October 21, 2003, 11:18:16 AM »
Gee whiz, all you had to say was "Yes, he is happy about the US doing poorly and is gloating about it, and I want you to shut up and listen to it without responding."

Offline miko2d

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Neat budget US!
« Reply #38 on: October 21, 2003, 11:38:11 AM »
Kieran: Gee whiz, all you had to say was "Yes, he is happy about the US doing poorly and is gloating about it, and I want you to shut up and listen to it without responding."

 If one can be happy for a country like Soviet Union going towards the financial ruin for implementing socialist economic and imperialist foreign policies, why not be happy for US suffering for doing the same?

 I've seen you do a few disparaging remarks about people who live in poverty die to bad policies of their rulers. Everybody does here - "goat herds", "pesants", "dirty savages", etc. There is a point here - a country that behaves contrary to economic reason suffers.

 The only difference between those goatherds and US is that scandinavians, europeans and asians do not loan them money by a trillion or invest in their economies.

 You are just hyppocrictical about it.

 miko

Offline crabofix

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Neat budget US!
« Reply #39 on: October 21, 2003, 11:41:24 AM »
To make things a little bit clear, it´s not only Sweden that has money in the US.  nuff said

Offline miko2d

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Neat budget US!
« Reply #40 on: October 21, 2003, 12:18:54 PM »
crabofix: To make things a little bit clear, it´s not only Sweden that has money in the US.  nuff said

 As long as you do not expect any of it back, you can flame us all you want, whatever anyone objects.
 Care to buy few hundred billion more of US treasuries? We have a couple more invasions and few more welfare schemes in mind...

 miko

Offline muckmaw

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Neat budget US!
« Reply #41 on: October 21, 2003, 12:25:59 PM »
So let me get this straight...


Crab is a swede and Miko is a lawyer....

Now I understand...

Offline miko2d

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Neat budget US!
« Reply #42 on: October 21, 2003, 01:08:46 PM »
muckmaw: ... and Miko is a lawyer....

:eek:  Whatever made you think I was a ... lawyer?

 miko

Offline crabofix

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Neat budget US!
« Reply #43 on: October 21, 2003, 01:12:03 PM »
Cant tuch it , cause As soon I do, tax,tax,tax,tax,tax....Now, where did it go?

Offline muckmaw

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Neat budget US!
« Reply #44 on: October 21, 2003, 01:19:26 PM »
Quote
Originally posted by miko2d
muckmaw: ... and Miko is a lawyer....

:eek:  Whatever made you think I was a ... lawyer?

 miko


It might just be the way you annoy me....;)

Just kidding..I don't know where I got that impression...

*shrugs*

I need to update my score cards