Re: Financial topics
Posted: Sun Aug 07, 2011 7:14 am
Something close to five trillions are held by the government itself. Less than half that is SSA.
Generational theory, international history and current events
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I jus started to look into the details of the US budget. I was going to spread it out and analyze it and realized that: "You cannot force a square peg into a round hole!" (Even if you manage to cut waste,fraud, entitlements and the military). There is simply not enough in the way of revenues. Tax rates below historical ratios to GDP do not appear to be stimulating growth over the 10 year test period.jusme wrote:
I just don't get that feel from them ?
Anyone else ?
I forgot about the pension funds; that is shown on line 28 of B.100. Those assets are up $1.1 trillion in the past year. Not all of that would be due to net contributions though.Higgenbotham wrote:Overall, I see what are classified as "Financial assets" having grown by about $4 trillion over the past year. That seems a bit high as personal savings are about $0.6 trillion per year while corporate profits are running at about $1.7 trillion per year.
SSA is another ongoing source of funds for treasury purchases.Something close to five trillions are held by the government itself. Less than half that is SSA.
Agree 100%.jdcpapa wrote:I just started to look into the details of the US budget. I was going to spread it out and analyze it and realized that: "You cannot force a square peg into a round hole!"jusme wrote:
I just don't get that feel from them ?
Anyone else ?
Washington is not fulfilling it's obligation to the people. Why? What else is working here? John is right. The only way out is a crisis to cause us to unite. The only question that remains is at what price?
I agree the time window is now. I believe the strong man may be in place.Higgenbotham wrote:
The time window is now.
That will be messy enough but if it's put off any longer I think the political system will collapse. Either a strongman will take over or the US will break up into pieces (I suspect the latter).