Last edited by AdamT; 08-26-11 at 09:27 AM.
Apparently you don't understand that the total debt includes public debt and intergovt. holdings. Taking from one to make the other one look good doesn't create a surplus. Looks like you are confused by the term public debt which throws you off. That really is the deficit in your example.Sheik Yerbuti;1059757173]Again, learn the difference between the deficit and the debt and stop embarrassing yourself. Start with learning about how payments against the debt are made; maybe then you'll understand that the debt shrinks based on how much is paid back during the fiscal year and why those payments are irrelevant to comparing the annual deficit with how much the debt increases or decreases during a fiscal year.
....Jan 2001 4.2
.....Jul 2011 8.4
Current Unemployment Rates for States and Historical Highs/Lows
Notice I said a credible economist. Moody's, and Zandi have been on board shaping the narrative since the push for this middle of the night increase in debt occurred. IOW, Zandi has been a mouthpiece for the administration. Giving me the drawn out excuse for why a stimulus was needed in the Keynes model tells me nothing about how you objectively measure a "saved job".... The whole argument that libs are using now, combined with a plethora of skewed numbers, and hyperbolic partisan double talk, combined with platitudes shows me that libs are busted.
Yours, and Obama's plan to explode the debt, and only aid those businesses and Unions that supported him are destroying this country, and the only answer you drones have is NOT accountability, it is NOT holding responsible that which did nothing but push us into crisis, but rather argue that more of what has already failed is needed.
That is INSANE!
Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville