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Unread 2 Feb 2004, 14:44   #1
Perle
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US budget deficit
521 billion dollars for the year 2005

oh
I hope bush gets reelected.
Its gonna be so much when he doesnt even have to care about polls.
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Last edited by Perle; 2 Feb 2004 at 15:42.
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Unread 2 Feb 2004, 14:50   #2
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Re: US budget deficit
There's no such thing as "Trillion"
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Unread 2 Feb 2004, 14:56   #3
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Re: US budget deficit
its billion. the whole GDP of the us is 10-11 trillion.
even that is enough though. he doesnt seem to care about money AT ALL, he just throws it out, for his friends, for his crusade and to fly to mars (?)
i mean, you cant run a country like that, can you? the us cant live on chinese and japanese money forever, can it? some day they will want it back.
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Unread 2 Feb 2004, 14:59   #4
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Re: US budget deficit
Quote:
Originally Posted by Toccata & Fugue
Low taxes, high borrowing, it's classic.
if he would use his borrowed money to strengthen domestic demand it would make at least some sense to me, but what bush does is just madness.
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Unread 2 Feb 2004, 15:08   #5
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Re: US budget deficit
Can't we just stir up some shte and get everyone to ask for their money back and shaft the US completely?
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Unread 2 Feb 2004, 15:13   #6
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Re: US budget deficit
Wide-scale recession sounds like it'd be less effort.
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Unread 2 Feb 2004, 15:20   #7
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Re: US budget deficit
Quote:
Originally Posted by Dr. Octagonecologyst
Can't we just stir up some shte and get everyone to ask for their money back and shaft the US completely?
Most of that money is "theres" anyway. Quite a lot of it is held by the Federal Government anyway (Federal workers pensions funds, etc).
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Unread 2 Feb 2004, 15:24   #8
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Re: US budget deficit
I wonder what the long term effects will be.

Hopefully it involves black flags
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Unread 2 Feb 2004, 15:27   #9
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Re: US budget deficit
Quote:
Originally Posted by Dante Hicks
Most of that money is "theres" anyway. Quite a lot of it is held by the Federal Government anyway (Federal workers pensions funds, etc).
the us (goverment, companies, private people) owes $6.9 trillion to foreigners. that figure was on reuters a few weeks ago. that sounds like quite a lot to me and it becomes more every day, because bush isnt the only mad man over there.
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Unread 2 Feb 2004, 15:34   #10
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Re: US budget deficit
since cheney runs the white house anyway, you are probably right. but gore? i doubt he would have started such a spending madness.
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Unread 2 Feb 2004, 15:49   #11
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Re: US budget deficit
Quote:
Originally Posted by Toccata & Fugue
Yes there is it is 1 million x 1 million.

Although Perle meant Billion.
yes, thats right.
I already changed it.
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Unread 2 Feb 2004, 15:55   #12
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Re: US budget deficit
Quote:
Originally Posted by Toccata & Fugue
FFS Bush is not mad!!! what he is doing is deliberate, stop trying to apologise for the establishment. Things would be no better if it was Cheney or Rumsfeld or probably even Al Gore.
Ofc it is deliberate. I don´t think anyone is apologizing this administration by saying Bush is mad.
I really hope he gets reelected. This guy (and the administration)is really a PR nightmare for the United states.
By the way , is this only the US government deficit or is it the deficit of all the federal states and the government . ( what i mean is, are the deficit of all states (like california (38 billion$)) included in the above number???
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Mankind is ready to enter the solar system
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Unread 2 Feb 2004, 17:56   #13
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Re: US budget deficit
id rather not have him crash the world economy with one big bang. if the us only would make it 10-15 more years china easily could replace it without any big trouble.
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Unread 2 Feb 2004, 18:21   #14
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Exclamation Re: US budget deficit
Quote:
Originally Posted by Perle
I really hope he gets reelected. This guy (and the administration)is really a PR nightmare for the United states.
Yes, the importance of good PR simply cannot be understated.
Quote:
By the way , is this only the US government deficit or is it the deficit of all the federal states and the government . ( what i mean is, are the deficit of all states (like california (38 billion$)) included in the above number???
No, state deficits aren't counted. However, most states are required, as a matter of state law or state constitution, to maintain a balanced budget (at least a balanced operating budget). California is, as usual, an extreme case. Their deficit is larger than the deficits of all the other states combined.
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Unread 2 Feb 2004, 22:36   #15
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Re: US budget deficit
Quote:
Originally Posted by Dante Hicks
Quite a lot of it is held by the Federal Government anyway (Federal workers pensions funds, etc).
Budget deficit excludes pensions of government workers, mate.
According to some estimates, this inplicit liability is almost as large as the official government debt.
Similar, the social security system, which is about three times the gov. debt as offically mesured isn't included either.
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Unread 3 Feb 2004, 11:53   #16
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Re: US budget deficit
Quote:
Originally Posted by Toccata & Fugue
FFS Bush is not mad!!! what he is doing is deliberate,
He's trying to get the US into more debt?
Your turning into GDs economics and poltics teacher
You might have to fight wu_trax to the death though.
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Unread 3 Feb 2004, 12:06   #17
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Re: US budget deficit
Quote:
Originally Posted by Dr. Octagonecologyst
He's trying to get the US into more debt?
Your turning into GDs economics and poltics teacher
You might have to fight wu_trax to the death though.
for him it makes sense to run into debt. all those asians have no other choice but to give him that money. if the dollar collapses and the intrestrates in the us rise they will be in serious trouble.
plus, the only way to increase economical growth in the given situation is by runing into debt.
the only problem with bush is what he spends that money on.
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Unread 3 Feb 2004, 12:09   #18
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Re: US budget deficit
this couldnt happen with a goldbacked currency am i rite
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Unread 3 Feb 2004, 12:45   #19
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Re: US budget deficit
Quote:
Originally Posted by Nodrog
this couldnt happen with a goldbacked currency am i rite
no, but with such a currency economical growth couldnt happen neither.
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Unread 3 Feb 2004, 14:31   #20
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Re: US budget deficit
ive seen the darkred side, i dont like that
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Unread 3 Feb 2004, 14:44   #21
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Re: US budget deficit
but the free market will always be with me.
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