[Rhodes22-list] Economics - More Good News

[Rob Lowe]

Oh, I think Stan knows, but here goes anyway.

The deficit is the yearly difference between spending and receipts.  The
national debt is the sum of all the yearly deficits to date. The national
debt is approaching $7 trillion (yep, with a T).  Just think, your personal
share is only about $30K, just short of the price of a new Rhodes.

http://www.brillig.com/debt_clock/

- rob


----- Original Message ----- 
From: "stan" <stan at rhodes22.com>
To: "The Rhodes 22 mail list" <rhodes22-list at rhodes22.org>
Sent: Friday, July 13, 2007 2:52 PM
Subject: Re: [Rhodes22-list] Economics - More Good News


> help:  what is the difference between our national debt and our national
> deficit ?  And what are the comparison figures for the same years for the
> national debt ?
>
> capitalistic minds need to know
>
> ss
>
> ----- Original Message ----- 
> From: "Brad Haslett" <flybrad at gmail.com>
> To: "The Rhodes 22 mail list" <rhodes22-list at rhodes22.org>
> Sent: Friday, July 13, 2007 2:45 PM
> Subject: [Rhodes22-list] Economics - More Good News
>
>
> > Yesterdays record S & P was indeed good news!  Anyone look at the
> > performance of their 401K lately?  No one needs to explain to me the
> > fundamental weaknesses of the current economy, but by all conventional
> > yardsticks, things look good.  If we had some fiscal discipline from the
> > Congress and especially the White House, we could cut taxes again.
Alas,
> > that won't happen.  But the previous tax cuts and the robust economy
that
> > has resulted has made significant reductions in our debt load.
> >
> > Total US Deficit
> >
> > 2004 - $413 billion
> > 2005 - $318 billion
> > 2006 - $248 billion
> > 2007 - $205 billion
> >
> >
> > US Deficit as a percentage of GNP
> >
> > 2004 - 3.6%
> > 2005 - 2.6%
> > 2006 - 1.9%
> > 2007 - 1.5%
> >
> > I just love good economic news!
> >
> > Brad
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