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Originally posted by DAVOUT
You gave me some good links : Economic report of the President - Government Finance
You gave me some good links : Economic report of the President - Government Finance
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I rechecked the CBO site, and it says that the debt held by the public-as a % of GDP-went down to 35%.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh -
Ok. I'm a victim of my media. They have been acting like the numbers went down more between 95 and 2000 than they really did. I should be more carefull.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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I agree with this figure, it makes 54% of the total debt.Originally posted by Kidicious
I rechecked the CBO site, and it says that the debt held by the public-as a % of GDP-went down to 35%.Statistical anomaly.
The only thing necessary for the triumph of evil is for good men to do nothing.Comment
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But the % of debt held by the public has decreased, but the % of gross debt has increased. I don't know why.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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What set of nrs are you looking at? The increased non-publicly held share should be mostly due to the social security "trustfund".“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)Comment
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Look at the President's economic report.
Taxes pay for the interest payments on that. So we should look at the gross numbers.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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No, that's just intra-government transactions.“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)Comment
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But don't taxes have to be collected for it, where does the transfer come from?Originally posted by HershOstropoler
No, that's just intra-government transactions.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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I'm not sure about the book-keeping details of the trustfund, but the interest to the bonds it holds should just be added as another IOU from the general budget to the trust fund.“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)Comment
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So they really don't mean anything. I wonder why they have the securities in there. Why not just have IOUs?Originally posted by HershOstropoler
I'm not sure about the book-keeping details of the trustfund, but the interest to the bonds it holds should just be added as another IOU from the general budget to the trust fund.
edit: When they run a defict in the trustfund. That's really a simple monetary injection into the economy, right?Last edited by Kidlicious; May 12, 2003, 15:25.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Sorry, I can't follow you there. What do you mean?
The "trustfund" is just an accounting entity within the federal government.“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)Comment
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Congressional buget office :
trust funds: Government funds that are designated by law as trust funds (regardless of any other meaning of that term). Trust funds display the revenues, offsetting receipts or offsetting collections, and outlays that result from implementation of the law that designated the fund as a trust fund. The federal government has more than 200 trust funds. The largest and best known finance major benefit programs (including Social Security and Medicare) and infrastructure spending (the Highway and the Airport and Airway Trust Funds).Statistical anomaly.
The only thing necessary for the triumph of evil is for good men to do nothing.Comment
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That means that if those interests were not received by the trustfund, an equivalent amount would have to be received from the general budget. Is that correct ?Originally posted by HershOstropoler
I'm not sure about the book-keeping details of the trustfund, but the interest to the bonds it holds should just be added as another IOU from the general budget to the trust fund.Statistical anomaly.
The only thing necessary for the triumph of evil is for good men to do nothing.Comment
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Right now a surplus accumulates there. In 10 years or so there will be a deficit. So that will increase the money supply like a budget deficit, right? Will they sell off the govt debt in there?Originally posted by HershOstropoler
Sorry, I can't follow you there. What do you mean?
The "trustfund" is just an accounting entity within the federal government.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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The weak Dollar doesn't seem to be affecting US trade much.Attached FilesI drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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