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Discussion Starter · #1 ·
Some information has been posted praising Bush's tax refund with lowering the national debt. These figures come directly from the US Government.

Current Amount

02/02/2007 $8,693,352,808,374.57


Current
Month

02/01/2007 $8,694,902,769,091.18


Prior
Months

01/31/2007 $8,707,561,063,967.12
12/29/2006 $8,680,224,380,086.18
11/30/2006 $8,633,245,608,345.17
10/31/2006 $8,584,329,355,565.37


Prior Fiscal
Years

09/29/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
09/30/2002 $6,228,235,965,597.16
09/28/2001 $5,807,463,412,200.06
09/29/2000 $5,674,178,209,886.86
09/30/1999 $5,656,270,901,615.43
09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00


SOURCE: BUREAU OF THE PUBLIC DEBT
 

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Pretty much so.....I do meals on wheels volunteering on Wed and Fri and from April through Dec Joanne and I sell baked goods at the Farmers Market here in Easton.
Don't you think being retired affects your outlook on the economy? I am not stating any of this as an insult, so don't take it the wrong way. But, being retired you are basically on a fixed income. Therefore, any changed in monetary policy (i.e. tax hikes) do not really affect you. However, tax cuts may affect you indirectly with less money for the govt. to spread around.

I, on the other hand, 36 y.o. with three kids have a 100% stake in the govt. monetary policy. In other words, tax hikes or cuts can affect me significantly. I can protect myself from debt by not spending and therefore shield myself from national debt related issues.

This may seem obvious to you, but it is why I take the attitude I have regarding deficit spending vs. tax cuts.

BTW-I work in Easton. I have seen signs for the farmer's mkt. but never attended. When aren they usually and how could I find you?

CZ
 

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Shield yourself? Your family has a stake in the national debt to the tune of about 150 grand, and the number gets larger everyday. How does one shield themselves from that sort of debt????
 

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Shield yourself? Your family has a stake in the national debt to the tune of about 150 grand, and the number gets larger everyday. How does one shield themselves from that sort of debt????
The economy is strong enough to pay off the debt, no one doubts that. If taxes are raised to finance the debt or interest rates change from competition for the money people may be effected. Relatively speaking, taxes are lower than they have been. As far as shielding myself, maybe I exagerated, but not having to finance debt is one way to be less effected.
 

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Discussion Starter · #13 ·
Me...and you are correct. I was looking at the deficit then switched Slug,..my bad.
CZ Joanne and I sell cakes. Easy to find as we are usually next to the organic farmergirl Allison and most times next to Buffalo meat guy Bill across from the homemade soap Matt...see ya there.
 

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Your tax dollars are going toward some massive interest payments. The question is would you rather give it to the Chinese or spend it on trying to get off the oil teat?
You will get no argument from me on the oil issue. That is the one thing we can do, without costing lives, that would eliminate most of our problems. But, if we get off the teat and get attacked again, will you let us turn Iran into a sheet of glass, without arguing?:D
 

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Me...and you are correct. I was looking at the deficit then switched Slug,..my bad.
CZ Joanne and I sell cakes. Easy to find as we are usually next to the organic farmergirl Allison and most times next to Buffalo meat guy Bill across from the homemade soap Matt...see ya there.
When does the market start up again?
 

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Actually it was for CZ.

Here's alittle fact about the national debt. If you took all the US currency in circulation and delivered it the treasury as payment for the debt... it wouldn't cover 10% of the bill.

Yea we are gonna pay it off.... with what?
 

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You will get no argument from me on the oil issue. That is the one thing we can do, without costing lives, that would eliminate most of our problems. But, if we get off the teat and get attacked again, will you let us turn Iran into a sheet of glass, without arguing?:D
Once we are no longer dependent on them for oil I could care less if we turned the whole f*cking region into a sheet of glass.
 

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Actually it was for CZ.

Here's alittle fact about the national debt. If you took all the US currency in circulation and delivered it the treasury as payment for the debt... it wouldn't cover 10% of the bill.

Yea we are gonna pay it off.... with what?
Currency is only a small indication of wealth. Is all of your wealth in your pocket or the bank?
 
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