[Rhodes22-list] Economics - More Good News

[Hank]

Rob,

I don't think Stan was asking for a definition.  It appears to me that he
wanted the comparable figures for the debt to see what effect the economy
has had on it.

Hank


On 7/13/07, Rob Lowe <rlowe at vt.edu> wrote:
>
> 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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> >
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>
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