Fed govt. to be running a SURPLUS in 09? (Thanks to inflation?)

Discussion in 'Economics' started by The Kin2, Jun 22, 2007.

  1. As long as they leave out hundreds of billions of spending and money stolen from SS, you can come up with anything you like.

    the spending vs revenue deficit this yr is $450 billion

    if you added the money stolen from SS, you'd have a more realistic $600 billion deficit this yr

    they tell us its $260 billion

    go figure
  2. The last surplus was during the tech bubble, this one during a housing bubble. It shouldnt last long.
  3. Any accidental, coincidental, through no-fault-of-there-own type of surplus, will be spent and then some.

    Interesting choice of words they use:

    Government surplus (the government is good, look at what we have managed)

    Public debt (the citizens are bad, taxes way too low, it is the responsibility of citizens to eliminate debt)
  4. asragov


  5. Is the U.S. really 400 trillion dollars in debt as USA Today claims or is it proof positive that Social Security and Medicare/Medicaid are unsustainable in the long-run.
  6. In a deflationary scenario, all debts/liabilities could be repudiated thereby allowing for a better possibility of creating the appearance of a surplus.