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Federal Deficit on Pace to Reach Record $1T
AP via Yahoo News ^ | 12/10/08 | Christopher S. Rugaber

Posted on 12/10/2008 6:45:34 PM PST by marshmallow

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To: ichabod1

Well, at the rate we are going some could say the same of us someday....

No?


61 posted on 12/10/2008 8:22:14 PM PST by misterrob (Smooth talkers win at singles bars and in politics .. often with similar outcomes for the listener)
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To: 1rudeboy
Someone willfully pays $40 for a $0.80 product but you know how much it is worth and he or she does not?

He must work for the government.

62 posted on 12/10/2008 8:23:05 PM PST by Toddsterpatriot (The enemy is in your heart, self respect robbed by self pity)
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To: Toddsterpatriot

Japan has certainly NOT had large trade surpluses for “decades”. And we have not had trade deficits for “decades” Both countries have federal deficits because we both have weak currencies and products that are worth less than those currencies.


63 posted on 12/10/2008 8:25:20 PM PST by dreadnought321
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To: Toddsterpatriot

because I dont agree with you? You are right is saying that trade and federal deficits are different. You are right in saying they are not always in lock step. My original argument was that they are in fact correlated.


64 posted on 12/10/2008 8:27:04 PM PST by dreadnought321
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To: dreadnought321
Off the top of my head, I think the trade deficit decreased in 2007 and 2001. What does that do to your theory?

If anything, the correlation is between a trade deficit decrease and an economic slowdown.

65 posted on 12/10/2008 8:27:36 PM PST by 1rudeboy
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To: dreadnought321
Japan has certainly NOT had large trade surpluses for “decades”.

You have a link to back up your theory?

And we have not had trade deficits for “decades”

When were our last 5 trade surpluses?

66 posted on 12/10/2008 8:28:07 PM PST by Toddsterpatriot (The enemy is in your heart, self respect robbed by self pity)
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To: dreadnought321
because I dont agree with you?

Because you keep posting things that are wrong. The opposite of right.

You are right is saying that trade and federal deficits are different.

Excellent!

You are right in saying they are not always in lock step.

Great!

My original argument was that they are in fact correlated.

What's the correlation? How many dollars of trade deficits translates into how many dollars of federal deficit? How can some countries have a trade deficit and a federal deficit while others have a trade surplus and still have a federal deficit?

67 posted on 12/10/2008 8:31:20 PM PST by Toddsterpatriot (The enemy is in your heart, self respect robbed by self pity)
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To: 1rudeboy; Toddsterpatriot

Man, you guys are a tag-team. Im trying to keep up here. Give me a break.


68 posted on 12/10/2008 8:31:43 PM PST by dreadnought321
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To: All

Im going to just reply to All. I cant keep up with both of you at the same time while posting. I have to admit, you guys are good.


69 posted on 12/10/2008 8:34:00 PM PST by dreadnought321
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To: dreadnought321

Try posting facts instead of feelings. That should help.


70 posted on 12/10/2008 8:34:00 PM PST by Toddsterpatriot (The enemy is in your heart, self respect robbed by self pity)
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To: dreadnought321

I’ll back off. I should warn you that the reason I posted my first response on this thread is because I was tweaking some other FReepers who confuse budget and trade deficits.


71 posted on 12/10/2008 8:36:35 PM PST by 1rudeboy
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To: All

I guess I fail.


72 posted on 12/10/2008 8:39:08 PM PST by dreadnought321
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To: dreadnought321

Try 2 decades. Still—you said trade deficits = budget deficits. That really isn’t true. Spending beyond tax intakes = budget deficits.


73 posted on 12/10/2008 8:40:16 PM PST by rb22982
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To: 1rudeboy; Toddsterpatriot

what do you and the toddster think about free-trade?


74 posted on 12/10/2008 8:40:44 PM PST by dreadnought321
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To: dreadnought321

What do you feel about free trade?


75 posted on 12/10/2008 8:42:55 PM PST by Toddsterpatriot (The enemy is in your heart, self respect robbed by self pity)
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To: Toddsterpatriot

I think its garbage


76 posted on 12/10/2008 8:44:27 PM PST by dreadnought321
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To: marshmallow
No problem.

It's only money.

Ours.

77 posted on 12/10/2008 8:46:49 PM PST by Gritty (We favor Obama because he is more flexible and rational - Iran Parliament Speaker Ali Larijani)
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To: dreadnought321
Obviously. Because you've shown how it causes budget deficits (except where it doesn't).

If you ever find some facts you'd like to discuss, be sure to give me a ping.

78 posted on 12/10/2008 8:47:12 PM PST by Toddsterpatriot (The enemy is in your heart, self respect robbed by self pity)
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To: Toddsterpatriot

I was just on freetrade.org


79 posted on 12/10/2008 8:51:01 PM PST by dreadnought321
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To: dreadnought321

“How is it we are wasting money on American companies?”

Bail-out!


80 posted on 12/10/2008 8:51:51 PM PST by Tublecane
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