Level Extreme platform
Subscription
Corporate profile
Products & Services
Support
Legal
Français
How to get the federal deficit under control
Message
General information
Forum:
Politics
Category:
Economics
Miscellaneous
Thread ID:
00880812
Message ID:
00882489
Views:
76
>You have just been hanged by your own noose. On the CBO site's Links page is a link "Federal Debt to the Penny" which leads to the Bureau of Public Dept which I think is in the Treasury Dept. Here is the direct link:
>
>http://www.publicdebt.treas.gov/opd/opdpenny.htm

Yes, that is the federal debt as it has accumulated on a year to year basis. It is not the same as the federal budget on a year to year basis:

http://www.cbo.gov/showdoc.cfm?index=1821&sequence=0#table1

Please note the Total column in fiscal years starting in 1998.

>Once again the federal debt has increased every year even under Clinton. You have not yet produced any government stats to refute this. Explain how you can have a surplus that supposedly pays down the federal debt yet still have it increase every year? I do appreciate your help in solidifying my position on the Clinton myth.

Because of interest on the federal debt. If the federal govt. owes 5 trillion at the beginning of fiscal year 1998, it must pay interest on that debt. That debt is not part of the annual budget, although Clinton did make payments on it, as I pointed out.

>While you are relying on the Clinton News Network for your ammo, I am relying on 2 different government sources for mine.

I am pretty sure the Congressional Budget Office is not beholded to Clinton.
Chris McCandless
Red Sky Software
Previous
Reply
Map
View

Click here to load this message in the networking platform