joether -> RE: Filibuster broken, jobless benefits may flow soon (7/21/2010 2:04:44 PM)
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National Deficit and Nation Debt, is rather becoming the same thing. It depends on which sounds either A) More PC or B) More stressful to you. As neither one, is good for the country. While you are correct, that typically, the 'national deficit' is for the budget year; and 'national debt' regards the current amount owed. It does get interchanged to often. Not just myself, but others. quote:
ORIGINAL: Archer Take a look at you own chart 5 in Frankins set of charts, where was the deficit at the end of Bush in 2008 (about 3% of GDP). and where is it now (10% of GDP)? looks like tripple to me. 3%? Are you kidding me? Here is Chart 5. Chart 6, is a focused section of Chart 5. At the end of Bush 2008, was the 10%! Chart 6 is better detailed of both the last few years and the next few to come. The charts show an upward tick. Yes, the stimulus bill is set to run out at the end of this year. During its run, it has kept the country from sinking in to a full depression (which would have increased national debt considerably), and buy time for the markets to stablized, and start growing (if a bit...slow). The markets are indeed growing, if slowly. I'm sure your not for economic depressions, right? What would have happen, if we had listen to Republicans for the past two years? Now, Chart 6, (again, according to the CBO), does show the deficit dropping further in 2011, but projects an increase (and possible decline) by 2014. If you are demanding goverment to predict the future with perfect accuracy; your just asking for the unreasonable. Heck, if I could predict the future with perfect accuracy, how long do you think, would I remain non-billionaire-ish?
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