Re: Holy budget deficit, Batman

From: Warble606 (warble606_at_yahoo.com)
Date: 10/16/04 

Date: 15 Oct 2004 22:11:58 -0700

timjowers@yahoo.com (Tim Jowers) wrote in message news:<b1b4167f.0410121102.283408b1@posting.google.com>...
> "sinister" <sinister@nospam.invalid> wrote in message news:<7RJad.5005$YU4.3314@trnddc06>...
> > "Warble606" <warble606@yahoo.com> wrote in message
> > news:4d62b9bc.0410091621.7e6cf0aa@posting.google.com...
> > >I for one do not understand what the reasoning of
> > > (US) society's "upper class" and "corporate leaders"
> > > could possibly be when we have a situation where
> > > we are paying $330 billion per year in interest
> > > on our national debt (roughly $7.4 trillion), and
> > > the only president who managed to begin to set up
> > > a budget surplus in order to pay off just the interest,
> > > not the principal, was hounded out of office because
> > > of a floozy.
> >
> > It's pretty obvious; the bastards think that taxes should be paid---and only
> > paid---by little people.
> >
>
> Can somebody please tell me if the debt is a balance *** debt or a
> grand total? That is, do we also have credits equal to our debt on the
> other side of the balance ***? E.g. does Japan owe us 1/2 trillion
> just like we owe them?

Dunno about that, but the total US debt including
 federal
 state
 local
 personal
 finance industry
is over $30 trillion.

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