Re: {OT:} Bush did it - he bankrupted America

The nationl debt and the buget are two differant things. Even if and when
there is a budget surplus, the Government still continues to sells bonds.
Even if a buget surplus was used to pay off bonds, they can only pay off
bonds that have reached maturity without paying extra interest. To reduce
the nation debt the goverment would have to stop selling bonds. A budget
only refers to spending and income during a fiscal year. The best way to
balance a budget is to cut spending or reduce tax rate to place more money
in the economy. The fact remains the more a dollar changes hands the more
often it is taxed by the state and federal governments. Even the Dims, who
hate tax rate cuts now want to offer cash rebates to boost the economy, all
the while telling us the Bush tax rate cuts don't help the econmy.
Histroricly, tax rare cut under Kennedy, Reagan and Bush have proven income
to the government went UP not down. Wanna bet if the Dims get contoll of
the White House and the Congress they will make the Bush tax rate cuts
perminate, rather than answer for big tax increses in three years? ;)

"Jeff" <kidsdoc2000@xxxxxxxxxxx> wrote in message
news:6jRjj.14120$KU.4141@xxxxxxxxxxx
Mike hunt wrote:
Aparently you kooks and Greg Palast did not do a search of the income to
the US Treasury. If he did he would discover the income to the US
teasury went UP after the tax rate cut for all American went into effect.
Curently the US treasury is taking in MORE money than it is spending thus
reducing the budget deficite.

Can you please explain to me why the US National Debt (that is the money
that the US Gov't owes to others) is rising?


.

Relevant Pages

  • Re: {OT:} Bush did it - he bankrupted America
    ... the Government still continues to sells bonds. ... Even if a buget surplus was used to pay off bonds, they can only pay off bonds that have reached maturity without paying extra interest. ... Even the Dims, who hate tax rate cuts now want to offer cash rebates to boost the economy, all the while telling us the Bush tax rate cuts don't help the econmy. ...
    (alt.autos.toyota)
  • Re: {OT:} Bush did it - he bankrupted America
    ... when there is a budget surplus, ... Even if a buget surplus was used to pay off bonds, ... the while telling us the Bush tax rate cuts don't help the ... How about you explaining the math to us Einstein. ...
    (alt.autos.toyota)
  • Re: Commuter rail bond interest rates?
    ... > So the public debt is much higher than the published figures, ... The debt of the US Govt is accurate, ... Due to the tax-exempt nature of govt bonds, ... > normal budget. ...
    (sci.econ)
  • Re: Change we can believe in, or meet the new boss, same as the old boss?
    ... Are you suggest we stop selling government bonds to all that wish ... to invest in America? ... Congress, not the President. ... Rarely is a budget made into law by overriding a veto. ...
    (alt.autos.toyota)
  • Re: Change we can believe in, or meet the new boss, same as the old boss?
    ... Congress, not the President. ... Rarely is a budget made into law by overriding a veto. ... buying bonds at the rate Chinese and other investors in and outside the US, ... but the Republican party has largely been taken over by the ...
    (alt.autos.toyota)