[Rhodes22-list] Economics - More Good News

[DCLewis1 at aol.com]

Stan,
 
I'm sure your daughter knows this stuff better than any of  us, but
 
National debt/deficit - synonyms;  see 
_http://www.investorwords.com/3201/National_Deficit.html_ (http://www.investorwords.com/3201/National_Deficit.html) 
although I've seen some literature that would make me think the deficit is  
the difference between revenue and expenditures, and debt is the portion of 
that  deficit that's made up by borrowing - another portion of the deficit can be 
made  up, for example, by just printing $.

Comparison figures for the same years for the national debt and deficit: I  
think Brad posted the PROJECTED INCREASE to the national debt, not the  
national debt.  The national debt is many trillions of dollars.   Additionally, I 
don't think his numbers represent intergovernmental borrowing  (i.e. borrowing 
from the Soc Sec funds) which are substantial for each  year. For quantitative 
chronological info re the national debt  see:  
_http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm_ 
(http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm) 
 
Dave



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