| Home |
| Search |
| Today's Posts |
|
#33
posted to rec.boats
|
|||
|
|||
Consideration required
wrote in message
... On Mon, 8 Feb 2010 13:44:06 -0800, "nom=de=plume" wrote: wrote in message . .. On Mon, 8 Feb 2010 10:24:04 -0800, "nom=de=plume" wrote: They still borrow it and spend it issuing a bond and putting it on the debt but the money shows up as revenue when we compute the deficit. It was a trick to hide the cost of the Vietnam war. As I said, Nixon actually got a surplus ... for one year 1969. The debt still went up. I stand by my original statement and link. I would expect no less ;-) The fact still remains that when they spend the surplus it becomes debt and by it being "on budget" it does not show up on the deficit. "when they spend the surplus it becomes debt"???? Well, eventually. Again, what's your point It becomes debt but because of the LBJ trick it does not show up in the deficit. Sleazy Vietnam era accounting trick that makes the budget look better than it is. It is all academic anyway because in a year or two that surplus will peak and be dropping, totally gone in 6 years or so. I will be curious how they juggle the books to make the SS deficit, not show up on the budget deficit. (the down side of it being "on budget"). Clinton was well past the "Sleazy Vietnam era." True but he still got the $105 billion extra in his budget from that sleazy accounting trick in 1999 to show a surplus. FYI: http://www.csmonitor.com/USA/Politic...l-debt-ceiling -- Nom=de=Plume |
| Thread Tools | Search this Thread |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Forum | |||
| Advice required | UK Power Boats | |||
| More consideration of the accident off Clearwater | General | |||
| Vigilence Required | ASA | |||
| Coach Required | ASA | |||
| hp required | Boat Building | |||
Threaded Mode
