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IWETHEY Home / IWETHEY Board / Politics Forum / Re: Into current payments and our debt
Post #182,921
by bepatient
Picture of bepatient
11/4/04 7:02:56 PM
Reply
New Re: Into current payments and our debt
Which takes it full cycle back into the economy.

No gold sitting around nor stored value.

So, whether the government puts it in there or we do ourselves...it ends up back in the economy.

Nothin like government using rosy forecasts to paint a pretty picture is there?

Lovely while it lasts though...like that lofty surplus.

That lack of faith should be universal.

If you push something hard enough, it will fall over. Fudd's First Law of Opposition

[link|mailto:bepatient@aol.com|BePatient]
Post #182,953
by ben_tilly
11/4/04 9:35:19 PM
Reply
New Only sort of
Just over half of US government debt is in foreign hands at this point. About 22% of the US government debt is owed to Social Security. If we regard the Social Security debt as a polite bookkeeping convention (I do) then (after some math), about 2/3 of our actual government debt is in foreign hands. (50/78 = 0.6510...) And we are obligated to generate over 1.6 trillion for Social Security, on top of everything else we are over-obligated for.

The interest payment on all of this debt is the third largest line item on the budget. (After the military and entitlement programs.) It is spent in a way that I do not want my tax dollars spent. Of course the money borrowed with this debt goes into government services and thus into the economy. But spending now in return for moving money out later is not always a good idea.

We are therefore obligating ourselves to move large (and increasing!) amounts of money from our economy to other economies. Which sustains us for now, but eventually...?

Cheers,
Ben
I have come to believe that idealism without discipline is a quick road to disaster, while discipline without idealism is pointless. -- Aaron Ward (my brother)
     "I earned capital in the campaign -- political capital.." - (deSitter) - (38) - Nov. 4, 2004, 01:49:55 PM EST
         Beat me to it. I just heard it on NPR. Very scary. - (mmoffitt) - (1) - Nov. 4, 2004, 02:35:20 PM EST
             I caught that, too - (jb4) - Nov. 4, 2004, 03:53:04 PM EST
         I was amused by his attempt to be a uniter - (ben_tilly) - (35) - Nov. 4, 2004, 02:37:37 PM EST
             The man is a megalomaniac - this is very scary - (deSitter) - (34) - Nov. 4, 2004, 02:39:26 PM EST
                 Already said he would. - (imric) - (33) - Nov. 4, 2004, 03:11:29 PM EST
                     ICLRPD (new thread) - (ben_tilly) - Nov. 4, 2004, 03:24:46 PM EST
                     No...now wait a minnit, there, Skip! - (jb4) - (2) - Nov. 4, 2004, 05:52:48 PM EST
                         The two do not contradict - (ben_tilly) - (1) - Nov. 4, 2004, 06:02:17 PM EST
                             Done right would be in federally guarrantied funds - (daemon) - Nov. 4, 2004, 06:04:31 PM EST
                     Where do you think it goes? - (bepatient) - (28) - Nov. 4, 2004, 06:06:37 PM EST
                         Into current payments and our debt - (ben_tilly) - (2) - Nov. 4, 2004, 06:43:06 PM EST
                             Re: Into current payments and our debt - (bepatient) - (1) - Nov. 4, 2004, 07:02:56 PM EST
                                 Only sort of - (ben_tilly) - Nov. 4, 2004, 09:35:19 PM EST
                         Huh? - (imric) - (21) - Nov. 4, 2004, 07:44:52 PM EST
                             C'mon now. - (bepatient) - (20) - Nov. 4, 2004, 10:04:24 PM EST
                                 Classic -- give the man a prize - (GBert) - Nov. 4, 2004, 10:49:50 PM EST
                                 Gee - so Reagan didn't - (imric) - (18) - Nov. 5, 2004, 02:02:21 AM EST
                                     Twice - (bepatient) - (17) - Nov. 5, 2004, 12:25:09 PM EST
                                         Nope. - (imric) - (6) - Nov. 5, 2004, 02:27:13 PM EST
                                             Regardless of # - (bepatient) - (5) - Nov. 5, 2004, 04:01:23 PM EST
                                                 I don't give a damn for Democrats - - (imric) - (4) - Nov. 5, 2004, 05:11:59 PM EST
                                                     Re: I don't give a damn for Democrats - - (bepatient) - (3) - Nov. 5, 2004, 05:35:30 PM EST
                                                         Woe is me? - (imric) - (2) - Nov. 6, 2004, 09:11:29 AM EST
                                                             Thou sayest - (Ashton) - (1) - Nov. 11, 2004, 11:52:36 PM EST
                                                                 I prefer squirt-guns filled with DMSO + LSD to paint balls. - (imric) - Nov. 12, 2004, 06:29:43 AM EST
                                         Oh, you mean like... - (jb4) - (9) - Nov. 5, 2004, 03:39:57 PM EST
                                             Yep. Thats what I mean. -NT - (bepatient) - (8) - Nov. 5, 2004, 04:02:04 PM EST
                                                 OK, then - (jb4) - (7) - Nov. 5, 2004, 05:39:28 PM EST
                                                     What do you think we are buying? - (bepatient) - (4) - Nov. 5, 2004, 05:52:50 PM EST
                                                         I can think of several things: - (jb4) - (3) - Nov. 5, 2004, 06:13:10 PM EST
                                                             I'm sure you will - (bepatient) - (2) - Nov. 5, 2004, 08:06:07 PM EST
                                                                 Not brilliant...merely accurate.... -NT - (jb4) - (1) - Nov. 8, 2004, 09:12:02 AM EST
                                                                     O.O.T. - (bepatient) - Nov. 8, 2004, 10:48:12 AM EST
                                                     Bad assumption - (ben_tilly) - (1) - Nov. 5, 2004, 05:54:26 PM EST
                                                         My point 'xactly! - (jb4) - Nov. 5, 2004, 06:09:55 PM EST
                         Re: "lockbox" - (a6l6e6x) - (1) - Nov. 4, 2004, 08:06:20 PM EST
                             Bureau of Public Debt - (bepatient) - Nov. 4, 2004, 10:11:04 PM EST
                         That might work - (tuberculosis) - Nov. 4, 2004, 10:52:16 PM EST

I could go on Oprah touting his evilness. Write articles. I would be famous. Fat, but famous.
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