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#1
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The Bush Prosperity:
Divide the 43 Billion dollar increase in the national debt by 300 million. (approximate pop) The answer is $143.33 Multiply that amount by the number of people in your family. Rather than use a liberal-friendly example of a family of 11 (grin), let's use a realistic example of a family of 5. 5 x 143.33 = $716 If you are part of a 5-person family, your family's portion of the national debt increased $716 in the last 30 days. Plus interest, as it gets paid off. (If it ever gets paid off). So, whatever you think you took home for the family kitty- deduct $716 for October. That's the "deferred" cost of Bush's so-called recovery. Just like "deferred maintenance", we can be sure it will ultimately cost a lot more than if we had just dealt with it up front. :-( |
#2
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![]() "Gould 0738" wrote in message ... The Bush Prosperity: Divide the 43 Billion dollar increase in the national debt by 300 million. (approximate pop) The answer is $143.33 Multiply that amount by the number of people in your family. Rather than use a liberal-friendly example of a family of 11 (grin), let's use a realistic example of a family of 5. 5 x 143.33 = $716 If you are part of a 5-person family, your family's portion of the national debt increased $716 in the last 30 days. Good. But since the note never really comes "due", the more ancestors I leave, the easier it will be for them to pay it off. ;-) |
#3
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Good. But since the note never really comes "due", the more ancestors I
leave, the easier it will be for them to pay it off. ;-) The note's due now. What is the effect on the value of the dollar when so many of them are committed to the future? (Some of)You guys on the right have the same attitude toward the national debt as you do the environment! "Let my kids and grandkids deal with it!" Ya otta be proud. |
#4
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![]() "Gould 0738" wrote in message ... Good. But since the note never really comes "due", the more ancestors I leave, the easier it will be for them to pay it off. ;-) The note's due now. What is the effect on the value of the dollar when so many of them are committed to the future? It doesn't matter. Here's an example. A certain percentage of my Collections goes to pay debt. In my case, it's roughly 10%. In 1999, that same percentage was closer to 15%. This has occurred despite the fact that my overall debt has increased 25% over that same period Why? Because collections increased at a proportional rate. If GDP goes up at a near-equal rate (over the longterm...not in one, two, or three given years), then an increasing debt does no harm to the value of the dollar. (Some of)You guys on the right have the same attitude toward the national debt as you do the environment! "Let my kids and grandkids deal with it!" Ya otta be proud. No comparison...the difference being that the environment and it's natural resources aren't growing. |
#5
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![]() "Gould 0738" wrote in message ... Good. But since the note never really comes "due", the more ancestors I leave, the easier it will be for them to pay it off. ;-) The note's due now. What is the effect on the value of the dollar when so many of them are committed to the future? (Some of)You guys on the right have the same attitude toward the national debt as you do the environment! "Let my kids and grandkids deal with it!" Ya otta be proud. Where were you guys on the Left when a Democrat controlled Congress was spending like drunk'n sailors? The only reason Clinton showed a surplus (well sort of) was the 92 Contract with America and the Republicans forced a cut in spending. Unfortunately the Repubs are stupid and let Clinton take all the Credit for the reduction. I understand the deficit spending is still at about the same 3.2% of GDP that it has been for 30 years. |
#6
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Put in that perspective, the outlook is pretty grim, eh Chuck?
But, all in all, Our charter boat corporation (Florida) is about to finish up its second fiscal year (october 31), and we made a 3.6 percent net profit after boss hog, err, ah, bush hog(s), was paid. Not too bad for 4 old guys. Capt. Frank Gould 0738 wrote: The Bush Prosperity: Divide the 43 Billion dollar increase in the national debt by 300 million. (approximate pop) The answer is $143.33 Multiply that amount by the number of people in your family. Rather than use a liberal-friendly example of a family of 11 (grin), let's use a realistic example of a family of 5. 5 x 143.33 = $716 If you are part of a 5-person family, your family's portion of the national debt increased $716 in the last 30 days. Plus interest, as it gets paid off. (If it ever gets paid off). So, whatever you think you took home for the family kitty- deduct $716 for October. That's the "deferred" cost of Bush's so-called recovery. Just like "deferred maintenance", we can be sure it will ultimately cost a lot more than if we had just dealt with it up front. :-( |
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