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kitemac said...
I'm fine with you informing him. Stop with the bashing though. It doesn't help your debate. Like I said I really don't know much about this topic but when soemone jsut bashes another poster it makes them look bad. If you can't dominate him with knowledge that you have to belittle him then you're not doing it right.
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LonestarAg_10 said...
1.) great so some months we are only spending 2.8x more than we bring in (by the way you should go into politics you are really good at pointing to outliers to the ignorant masses)
2.)Projected? Clearly because math proves our 2% reduction in spending over the coming decade (from sequester) will zero our books.. right
how about that whole kicking the can down the road thing? maybe another eleventh hour fiscal cliff deal with no spending cuts will tickle your pickle. Grow up kid.
3.) yes we are the largest holders simply because the Fed i.e. Bernanke has the ability to print and call back bonds as needed. In that since we have more or less an infinite amount. China holds the largest amount of finite T-bills and T-bonds; not domestic.
4)FYI that is a cute 10-year treasury graph you posted there. You do realize the T-bond dips when there is a large supply of cash being pumped into the banking system. While more money is available to lend basic commodity price will rise right?
But hey you clearly knew all this already correct?
Will be waiting on that witty retort coming laced with big words from that pocket dictionary you carry around with you to Starbucks.
I will give you a head start... Maybe look in the department of numbers and aggregate your own conclusions or retort rather than recite what some prof or pundit told you.
This post was edited by kitemac on 3/13/2013 at 4:49 PM
"A political call, the fall guy accord...We can't afford to be neutral on a moving train..."
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BamaLivesFootba said...
Yea. I'll get right on to cranking out my own projections. Should be back in a quickie.
1.) No. Some months we actually take in more than we spend. Depends on the month.
2.) This is priceless. First off, we don't have to zero our books. Second off, the combination of the sequester and the fiscal cliff deal aggregate over the ten year period changes the projected deficits and in turn with projected economic growth gives us our projected deficit as a percentage of GDP. How much nominal debt we have is irrelevant given the timeframe.
Kitemac: Last time I just edit.
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El Guapo said...
Just wait until Obama care breaks us. It's already looking like its going to cost 2X what we were told and I'd be willing to bet that increases.
http://www.economicpolicyjournal.com/2013/03/tax-prof-obamacare-tax-increases-are.html
That's a measurment of revenue generated?
"A political call, the fall guy accord...We can't afford to be neutral on a moving train..."
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kitemac said...
Sometimes we don't see it. Also you don't see the countless deleted posts we do when we see them. I'm willing to bet we do a lot more than you think. Obviously there is some freedom with some words a little. The F word is one that I really will delete the post as soon as I see it.
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dgoz said...
Interest on the debt is a policy variable. All that matters is that growth > rate of interest.
Come on man. Don't you know? We have a terrible economy and exploding deficits.
"A political call, the fall guy accord...We can't afford to be neutral on a moving train..."
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BamaLivesFootba said...
Yea. I'll get right on to cranking out my own projections. Should be back in a quickie.
1.) No. Some months we actually take in more than we spend. Depends on the month.
2.) This is priceless. First off, we don't have to zero our books. Second off, the combination of the sequester and the fiscal cliff deal aggregate over the ten year period changes the projected deficits and in turn with projected economic growth gives us our projected deficit as a percentage of GDP. How much nominal debt we have is irrelevant given the timeframe.
3.) well it needed clarification because most people who (*irony*) only listen to pundits think that they "own" us
4) Paul Ryan? Is that you?
This post was edited by LonestarAg_10 on 3/13/2013 at 5:09 PM
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LonestarAg_10 said...
hookay so here we go.. As rated G as i can put it Mods...
1.) Don't know what month was the last we actually ran a surplus; not that it matters if you run an annual deficit it still shows up as a net loss on the YE P&L statement. the last year we had a true annual budget surplus was 2001.
So in easy terms you budget $200/month for beer. in January you only spend $180 on beer. GREAT!!! you have a $20 surplus. But then you pursue an 11 month bender where you consume $600/month in booze. Not only are you really hung over on December 31st, but your really broke.
And to rub salt on your wonders you get to pay INTEREST on that bad boy!!! Ahh lucky you now your really screwed. Word to the wise, being your a college kid, avoid credit cards at all costs; you will be so grateful you did when you are older.
2.) Its not a question of zeroing the books its a question of reducing principal rather than just paying interest on our debts. The only way we do that is cutting our deficit. Uncle Sam wont be getting interest only terms from foreign nations anytime soon.
3.) I am clearly NOT "one of most people" but yes in the future I will clarify for you sorry bud.
4.) Nope just your Average Joe Mortgage Banker/Trader/Entrepreneur
"A political call, the fall guy accord...We can't afford to be neutral on a moving train..."
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Apparently there is no debt crisis