[Rhodes22-list] National Debt

Slim salm at mn.rr.com
Fri Nov 10 02:12:30 EST 2006


Brad,

Where am I going with this?  What a question!  The debt is 8.5 trillion and
you're asking, "Yeah?  So?  What's your point?"  Brad, aren't you the least
bit concerned?  No, I don't have a better plan.  That's not my job.  I'm
just a dumbass musician who can only count to four.  If I did have a plan,
who'd listen to me?  It's the job of our congressmen to fix it.  They got us
into this.  I get to bitch because I'm a voting, tax-paying citizen.

Where I'm going with this is that I think it's past time we should hold some
feet to the fire and demand a fiscal solution.  It bothers me that this
issue doesn't seem to be anywhere on the radar.  I think that's because:
"A democracy will continue to exist up until the time that voters discover
that they can vote themselves generous gifts from the public treasury."
(the Rummy post.  Um, the good Rummy, not the bad Rummy.)

Slim

On 11/9/06 10:13 PM, "Brad Haslett" <flybrad at gmail.com> wrote:

> Slim,
> 
> Took a nap just now, thank-you, I feel much better (early show for a sim).
> 
> Just finding a definition of "national debt" without a slant is difficult
> and a source of info without an 'axe to grind' is damn near impossible. I
> form a lot of opinion from reading the Wall Street Journal on a daily basis
> but even that source is suspect in many peoples view.  Here's the least
> biased report I can find on short notice - and it has pictures too!  Ask me
> again tomorrow after work (10 AM) and I'll be more specific.
> 
> http://en.wikipedia.org/wiki/U.S._public_debt
> 
> The measure of GNP is relatively straight forward.  "National Debt" gets
> trickier depending on what you want to include.  For example, social
> security is often excluded because it is a "pay as you go" item, ie, an IOU,
> and not included.  Include it and things get really scary.
> 
> So where are you guys going with this discussion?  Let me guess, new taxes?
> How about this novel idea - cut spending!  Bush and friends have spent like
> drunken sailors.  You have a plan to turn that around?  Great!
> 
> Brad
> 
> 
> 
> 
> On 11/9/06, Slim <salm at mn.rr.com> wrote:
>> 
>> Thank you, Dave.  Brad?
>> Slim
>> 
>> On 11/9/06 7:46 PM, "DCLewis1 at aol.com" <DCLewis1 at aol.com> wrote:
>> 
>>> 
>>> Slim & Brad,  Factoids:
>>> 
>>> US GDP end  2005                   $12,455,800,000,000   source
>>> _http://eh.net/dgp/_ (http://eh.net/dgp/)
>>> US Nat  debt   9/30/2005           $ 7,932,709,661,723.50   source
>>> _http://www.publicdebt.treas.gov/opd/opdpenny.htm_
>>> (http://www.publicdebt.treas.gov/opd/opdpenny.htm)
>>> 
>>> Nat Debt/GDP  = 63%               A  small fraction of the GDP?
>>> 
>>> Dave
>>> 
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>> 
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