The Great Deception -- Deficits and Debt are NOT the same thing

Sagan

(1000+ posts) Send PM | Profile | Ignore

Wed Oct-11-06 10:10 AM
Original message

The Great Deception -- Deficits and Debt are NOT the same thing

It does not surprise me that the government would like us to think they are the same. It does surprise me that the press seems to go along with it.

The Deficit is how much more money we spend than earn EACH YEAR.

The Debt is the accumulation of every year's Deficit.

If the Deficit is cut in half, it is STILL adding to the Debt.

Printer Friendly | Permalink | | Top

kentuck

(1000+ posts) Send PM | Profile | Ignore

Wed Oct-11-06 10:13 AM
Response to Original message

1. And if you put the war spending off the books?

does it still count as part of the "debt" but not part of the "deficit"?

Printer Friendly | Permalink | | Top

TygrBright

(1000+ posts) Send PM | Profile | Ignore

Wed Oct-11-06 10:31 AM
Response to Reply #1

2. No, it remains part of The Great And Powerful Oz's...

...shadow show to mystify the rubes.

Pull back the curtain and there's the ugly pile of debt, getting bigger and bigger and bigger.

Aren't our children and grandchildren and great-grandchildren and (at this rate) great-great-grandchildren LUCKY? Such a wonderful opportunity to finance our war of choice on an innocent nation...

enragedly,
Bright

Printer Friendly | Permalink | | Top

Brundle_Fly

(1000+ posts) Send PM | Profile | Ignore

Wed Oct-11-06 10:43 AM
Response to Original message

3. thank you

K&R

for pointing out what everyday people should know.

Printer Friendly | Permalink | | Top

many a good man

(1000+ posts) Send PM | Profile | Ignore

Wed Oct-11-06 12:10 PM
Response to Original message

4. Q: Does the deficit include the SS surplus?

I haven't been able to find that answer any where. If it does, then the actual deficit is much much higher because the SS surplus should be kept in a lock box.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Sat May 04th 2024, 06:06 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.