Originally posted by TauCetixeta
reply to post by Wrabbit2000
That link you posted projects a USA National Deficit in 2013 to be only $900 Billion.
Go ahead and wave goodbye to the $$$ Trillion + deficits.
I think i can already see Sequester 2.0.
It looks like the USA will retain its AAA rating.
edit on 8-3-2013 by TauCetixeta because: (no reason given)
Are you being obtuse or just being argumentative for the sake of it?
My material and charts are dated and sourced. I've also mentioned, SEVERAL TIMES, that since September (after some of that material was created, by
obvious date stamp indicated on it) Over ONE TRILLION in annual deficit spending has been added....ON TOP of the 900 billion already projected (months
ago) and planned for the coming year.
That, by my math, makes it 1.9 TRILLION for the 2013 Fiscal year debt, at BEST, and as we know it so far. Now they say the December deals, January
adjustments and tax changes as well as whatever comes from this last minute dealing on Government shut down ...will ADD to that, not draw down on it.
You're starting to just argue plain, basic economic theory as if this stuff hasn't been very thoroughly tested by real world experiences of living it
over time, across many nations and many times before. It has and we're nothing special or even original. These bad bad ideas HAVE been done before.
Many times before. They've utterly destroyed major nations, just as they are and will destroy us.
The worst cases of Hyperinflation in history
Hyperinflation isn't magic or some mysterious process. It's basic and simple economic theory for cause and effect. We're following the cause many have
proven before and we'll suffer the effect in time or as soon as interest rates kick off their near flat line levels.
To be helpful though and in case you ever get to actually spending some time in reading the White House budget package to see the established numbers
yourself (CBO's analysis and spoon feeding requested results aside), these are the assumptions used to produce the projections of revenue and debt
carrying beyond 2020. (As shown in the 2013 fy budget package)
There is your Revenue, by source. Current, past and projected are shown.
and finally, the detailed drill down on the U.S. National Debt. You mention how it's not all equal in nature and held differently between public and
private,. You're absolutely right. It is. Here is the numerical breakdown of how that is represented.
. . . and that really IS 25 trillion dollars in debt this President and his people wrote as expected outcome into 2022 and beyond. Those who love debt
will get their chance to see what it's like to be totally overwhelmed by it. As bad as it is now, it's set to continue growing at an exponential rate.
Again though, keep in mind...these numbers were ALL produced many months ago and much has been added or adjusted spending side of the sheet. Much,
including that 1 trillion a year by the Fed and Treasury came AFTER all that was put together for the 2013 Budget proposal and so, couldn't be
reflected in the numbers as shown.
Just as a bonus and because I happened to have it handy in the same image storage area, this is the list of Debt Ceiling adjustments by request to
congress since 1993. It's a real two party abuse problem...this spending issue we have.
edit on 8-3-2013 by Wrabbit2000 because: (no reason given)