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Cox and Archer: Why $16 Trillion Only Hints at the True U.S. Debt
Wall Street Journal ^ | November 26, 2012, 6:41 p.m. ET | By CHRIS COX AND BILL ARCHER

Posted on 11/27/2012 7:08:58 AM PST by SeekAndFind

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To: central_va
Sure, let's talk basic math, genius. Let's eliminate ALL unemployment compensation tomorrow. What have we done to the budget deficit?

You didn't even read the friggin' article before coming here. You are part of the problem. Get out of the way and let the adults fix it.

51 posted on 11/27/2012 5:18:12 PM PST by 1rudeboy
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To: 1rudeboy
What have we done to the budget deficit?

REDUCED IT BY 319 Billion

This is a link, just click here with that mouse thingy

52 posted on 11/27/2012 5:24:20 PM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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To: Toddsterpatriot
According to this column, the U.S. is $87 trillion in debt. And the "answer" is, "bring jobs back." It would be funny if these numbskulls actually knew what they were talking about.

For the sake of argument (since you are better at scientific notation), how many $100,000.00/year jobs do we need to "bring back?" Assuming that 50% of that 100K goes to the feds. What's 87 trillion divided by 50K? Heck, what is 16 trillion divided by 50K?

53 posted on 11/27/2012 5:27:47 PM PST by 1rudeboy
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To: central_va
You just took $100B out of a $1.2T budget deficit, and did nothing about the national debt. Congrats.
54 posted on 11/27/2012 5:30:29 PM PST by 1rudeboy
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To: 1rudeboy

The debt will melt away when the dollar collapses. I am heavily invested in gold so creeps like you are doing me a favor. Free Trade is hastening the fall. Some tariffs and sane trade policies might help but it will never happen. One day I will be rich but not very proud.


55 posted on 11/27/2012 5:35:42 PM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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To: central_va

When the dollar collapses, you can join the rest of your Democrat friends in blaming everything but the actual cause.


56 posted on 11/27/2012 5:39:44 PM PST by 1rudeboy
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To: central_va
...so creeps like you are doing me a favor.

Can't let that one slip past, either. What's next, calling me a "teabagger?"

57 posted on 11/27/2012 5:43:07 PM PST by 1rudeboy
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To: 1rudeboy

We agree the dollar is toast. Well lets leave it at that.


58 posted on 11/27/2012 5:44:23 PM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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To: central_va

Leave what at what? Like, you don’t know what the hell you are talking about? We can stop there, sure.


59 posted on 11/27/2012 5:48:32 PM PST by 1rudeboy
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To: 1rudeboy

Ok, so the dollar survives? How so? The only way out is inflation, anyone can see the Govt will take the easy way out. Only an idiot would see it any other way.


60 posted on 11/27/2012 5:52:24 PM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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To: central_va
And just in case some knucklehead decides to to resurrect this thread somewhere down the road. From your link:

Unemployed Americans have collected $319 billion in jobless benefits over the past three years.... [emphasis added]

I know, I know . . . basic math and economics and all that.
61 posted on 11/27/2012 5:56:40 PM PST by 1rudeboy
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To: 1rudeboy

Lets talk about the dollar collapsing. You think it won’t. Right?


62 posted on 11/27/2012 5:59:23 PM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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To: pepsionice

It may (or may not) be untouchable now.

I say it’s not, but then again I’m pretty much a solid minority right now.

That said, I shall continue this point because I cannot do anything else right now.

:)


63 posted on 11/27/2012 6:41:05 PM PST by Cringing Negativism Network
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To: SeekAndFind
Are you using an actuarily sound figure or is that a number derived from doing present value analysis?

You do know PV works well only to compare and contrast the outcomes from two different proposals ~ e.g. to build a new building or to fix the old one.

It ties in well with the math used to determine a Return on investment (ROI).

However, the numbers themselves are a fiction.

That dollar on deposit at Barclays really won't be worth $6 trillion in 5,000 years when you pop out of your time machine ~ failure to 'churn' (there are lots of names for it) is usually punishable through termination of your account.

64 posted on 11/28/2012 11:19:05 AM PST by muawiyah
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To: muawiyah

So, if instead of using PV value calculations, we use “actuaraily sound figures”, is America’s debt and future obligations situation better or worse?


65 posted on 11/28/2012 11:24:11 AM PST by SeekAndFind
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To: EternalVigilance
Technically the Social Security payments are BORROWED from the Social Security accounts ~

Best bet on maintaining that system is to help the economy create more jobs. I was thinking of using our military power to sorta' coerce other countries to pay us tribute, or accept occupation. That right there would create a need for a colonial bureaucracy sufficient to the task.

We haven't had a big ol' Empire on this planet for quite some time ~ and we need the money eh!

66 posted on 11/28/2012 11:24:40 AM PST by muawiyah
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To: central_va
We are still in a deflationary cycle, and due to further extensions of mechanization, automation, computerization, robotics and improved work methods we are going to be there for the foreseeable future.

We probably need to monetize our national patrimony (property owned by the federal government) and begin paying domestic debts with that currency.

67 posted on 11/28/2012 11:27:00 AM PST by muawiyah
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To: SeekAndFind
When it comes to figuring out how much the federal employee retiree obligations are, and how much of that has already been paid for by retiree deposits in previous years, we need several actuaries, and some personal information we don't have about federal employees or federal retirees.

I've done it for myself and the way it works out, under the worst expected situation (8% inflation and 8% interest rates), I'd have to live to be 200 years to reach a point where the federal government had actually had to fork over a single penny for my retirement.

It takes at least 3 actuaries to arrive at a consenses regarding the probability of an individual today living to be 200 years of age.

With lower rates of inflation and interest, it's still pretty much the same thing.

Someone might use Present Value Analysis to compare one retirement system to another.

68 posted on 11/28/2012 11:32:51 AM PST by muawiyah
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To: muawiyah

Borrowed? LOL...

I’m pretty sure that’s called cooking the books.


69 posted on 11/28/2012 11:52:22 AM PST by EternalVigilance (America's creed: Our rights come from God, not men. Governments exist to secure those rights.)
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To: EternalVigilance
Uncle Sam can do what it wishes to account for gub'mnt money. There are several different accounts ~ Social Security is one, there's the General Fund, USPS runs a separate set ~ it's not cooking the books any more than large multi-national firm might well have different accounts for its various divisions.

The way they do an interfund transfer is pretty simple with Social Security ~ they borrow it. With USPS they simply demand bakshish of $5 billion each year. And so on.

The problem the Democrats have is they set this system up and they're the ones who referred to the intrafund transfers as LOANS ~ which create DEBTS ~ and that's the 14th amendment and the Contracts clause that have to be satisfied whenever they do something.

The Democrats never imagined the Republicans would hold the House of Representatives ~ not in their wildest dreams.

At some point here they have to tell Obamugabe the truth

70 posted on 11/28/2012 12:34:24 PM PST by muawiyah
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To: muawiyah

At some point someone has to tell the American people the truth.


71 posted on 11/28/2012 4:26:42 PM PST by EternalVigilance (America's creed: Our rights come from God, not men. Governments exist to secure those rights.)
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To: Cringing Negativism Network
Our new materialistic American culture likes lot's of cheap sh ...well, you know.

I know, let's send the SEIU, AFLCIO, UAW, other union protesters to China and tell them to put their mouth where the money is...and demand higher wages for Chinese workers as a "balanced approach" to free trade.

72 posted on 11/28/2012 4:42:05 PM PST by RckyRaCoCo (I prefer liberty with danger to peace with slavery, IXNAY THE TSA!)
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