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AtheosEmanon — Deficit does not equal Debt
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Published: 2014-08-14 00:09:30 +0000 UTC; Views: 643; Favourites: 3; Downloads: 0
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Just a simple stamp… While this seems rather self-explanatory, but it seems more and more it is starting to happen.Especially under the current [American] administration.., when I speak to the decreasing of the deficit, I am often linked to the “debt clock” to say SEE, YOU ARE LYING, HE IS RAISING THE “DEFICIT”…
Debt and deficit; are not the same thing
The Debt is the total amount of money that a country owes to its creditors and that is what the debt clock shows…
A deficit is the difference between the amount of revenue the government gets annually, and how much over that revenue it spends…
So if the government gets 100B in revenue and spends 150B … then that is a 50B dollar deficit for the year..
..and of course a surplus is the difference between the revenue, and what is left over after your budget.. so if your revenue is 100B but you only spend - - or your budget only calls for 75B in funds.. then you run a 25B surplus for the year
In US history, according to the Treasury Department’s history of all of America’s debt since 1790
www.treasurydirect.gov/govt/re…
The US Debt only period of decline was between 1817-1836 under the Administrations of Madison, Monroe, Adams and Jackson… going from 127M in 1816… to around 38K in 1836 and since 1836 the debt has risen each and every year…
I do not know what much more to say, other than learn that DEBT and DEFICIT are not interchangeable words that can be utilized in each others' place.. they have very different meanings.
Now, it would be great to fully get rid of our debt.. do I expect that to happen in my lifetime? No… I do not expect America to get rid of 17 trillion in debt by the time I die.. took hundreds of years to get to that debt - - especially in the last 30 or so years which was when we first passed the trillion mark .. it may take decades or a century to get rid of it..
As always comrades,
Let knowledge be that truth, which portrays humanity, condemns malevolence; that respects the differences in others while abandoning the hatred and misconceptions of the past.
-Emanon
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Comments: 62
Sadly yes, I have debated many people that use "debt" and "deficit" interchangeably.
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I got a feeling that the government should have a dictionary close to them all the time. Besides, everyone might misuse some words accidentally.
In other words, if I should use 'debt' in: I have debt around 500 Indonesian Rupiah when I shopping.
and 'deficit' in: Since the government have deficit of $500 million for $1000 million funding, loaning money is necessary.
What do you think of my... opinion?
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I am sure government members in general know the difference between Deficit and Debt... some of them play to the base by saying, in the case of America, that Obama has raised the deficit each and every year..even though the deficit has been on a downward trend... the issue is that the population should teach themselves the difference before making claims that make no sense.
Well if you have 500 bucks, then you would not be 500 bucks in debt - - debt is what you owe in totality, deficit is what is borrowed over your budget for a short term time. in the case of governments, usually yearly with their budgets.
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I know that. Just point out that everyone could misuse some words to mislead others. the government is technically ordinary people that trusted by majority of people(or in kingdom case, monarchy, heir, whatever you name it) to take leading position.
NB: I confused on how to compose this comment.
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I agree with your opening fully with respect to "I know that. Just point out that everyone could misuse some words to mislead others. the government is technically ordinary people that trusted by majority of people(or in kingdom case, monarchy, heir, whatever you name it) to take leading position."
Perhaps one day we will live in a time where such people do not use deception to win.. but who knows when that day will be.
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Humanity, despite the best out of all living thing, is the worst out of everything at times.
Sounds like people will always have fault, though that the reason human always determined to be better. Despite that, only someone with ill-intention on others that will become the danger.
Speaking of Orwell's 1984, Trisakti tragedy, or all disaster alike... the one that suffered are quite tireless.(fitting, since good triumph on bad most of time)
I don't know if this sound silly or smart, my personal unrelated question I thought right now is: What your opinion about Valentine and Chinese New Year?
That's all what I able to get across for a moment. Its difficult to get someone that hate deception in all form these day. However, AMEN for that!
NB: No offense or trouble to you I hope, in case I might accidentally slipped the wrong word.
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at the hear of it all we are still animals,. still territorial and emotional
We are like most animal species, our survival is dependent on each other in general and yet there are those in which do not operate in a manner supporter o this simple cause... and each society has ways of dealing with these things.
"Speaking of Orwell's 1984, Trisakti tragedy, or all disaster alike... the one that suffered are quite tireless.(fitting, since good triumph on bad most of time)"
we survive, good and bad are subjective .. we reproduce more than we die off... whether that is good or bad from someone's perspective is up to them.
I do not celebrate either Valentine's day or the Chinese New Year... while in NY China Town has a small parade celebrating the Chinese new year.
Well deception in "all forms" is not what I hate, depending on the context ..deception is sometimes necessary.. such as in war, you use deception on your enemies to gain advantage.. but willfully lying to win elections is what I am against ..
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Everyone knows that despite some are at times forgot that.
Happen even before human exist I bet.
You're right.
All right.
My bad... scratch what I say the last time on the last paragraph. I hate deception that put others in bad light except if the one you want to deceive are those that will make trouble. Like bigots, terrorist, corrupter, everything with greed and envy in it.
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I would disagree that "everyone" knows that, especially for some reliious people who see humans as being chosen to be stewards of the earth above the animals - but I would like to believe that most people do know it for sure
yes, conflict between other animals happened between humans exist.. we are just more intelligent and have more advanced weapons.
"I hate deception that put others in bad light except if the one you want to deceive are those that will make trouble. Like bigots, terrorist, corrupter, everything with greed and envy in it."
Agreed.
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I wonder if I should refer the "religious people who see humans as being chosen to be stewards of the earth above the animals" as someone with pride sin or saint. I doubted how to answer this. Still, its true that the sustainability of Earth is in human hands. I so confused, what you think?
Indeed on that.
I feel sorry for those bastards. However, a threat is a threat regardless of the motive (if the motive is good, the way should be recaliberated)
NB: just saying I'm smiling despite the headache of weighty topic.
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Humans have the ability to hurt or help, be it themselves or nature. We are the organism in which currently causes the most harm to this planet and so many species have gone extinct because of us in the last few hundred thousand years... I do not believe in "sin" and "saint" so ... you can believe how you wish.
Well we all face threats, be they man made or natural and yes we act accordingly.
It is good to always smile
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oh well and agree
sounds like you saying someone should act accordingly after we discover the reason (or not if the imminent threat is direct)
indeed.
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I am saying that we should always be prepared for an attack and then act accordingly when we are attacked... or to act in a manner that can put down an attack if we find out about it
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You are a pretty smart dude and you seem to know a lot on this subject. I have heard people say from both the left and the right that the debt will be the final nail in the coffin for American and will be what kills it. Do those arguments hold any weight or are they just trying to scare me? ~ C
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I would say it depends on how much is spent paying just the interest on our debt in relation to our aka government revenue. Of course, in general, no debt is good I think if we can keep payments low then we will be okay.
While under the current administration has been decreasing the deficit at the fastest pace in about 60 years.. my great wonder is not a decreasing deficit per se, but a surplus. When we start getting surpluses will the administration then just say OH GREAT MORE MONEY TO SPEND!!or will they use whatever the surplus is, and this would be my preference, starting to buy back some of our debt from foreign countries especially starting with who we owe the least to and then working our way up to who we owe the most to.
So, I would not say that debt is not a worry, because it is, but politicians need to stop scaring people about a debt which in most cases are just so you can vote for their party.
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So I should be concerned about it but not to the extent that I shall be the end of the world, correct? ~ C
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Precisely, we need to worry about getting our deficit down before we can truly address our debt.
If you do not mind, I will put it simply.
say you are 1000 bucks in debt
..and each month you are going over your income by 50 bucks
How can you ever attack that 1000 bucks if you are adding 50 bucks to it every month?
You must first find a way to erase your deficit, in this case the 50 bucks, and not go over your limit.. .. your next goal is to then how can you spend less than you make then finally when you have the extra money then you can truly tackle the debt.
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Thank you. I can understand our situation much more clearly now. ~ C
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Never mind it is a fucking wonder he can count
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lmao, is it hippie math that deficit and debt are not the same?
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I don't even know. Discounting basic economics as "hippy math" is one of the stupidest things I have ever read.
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Lmao, I mean even the most ardent conservative would not say deficit and debt are the same.
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Math should not be political. It can be biased to one political side, as reality often is, but it shouldn't be political in of itself.
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Math and playing with the numbers have been going on since Washington.. but to certain groups when the deficit was rising that is all they focused on.. now that it is decreasing they focus solely on the debt
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LOL.
Atheos if someone borrows money they're in debt,right?
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You said I used hippie math, I simply explained deficit not being the same as debt.
So I would ask yet again, which of the definitions are you in disagreement with.
Actually it depends on the situation - - so that is not a yes or not answer without knowing contractual obligations or simply layman's terms in which case, yes.
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So you think Deficit is the same as debt?... in the context of a country, or even business?
Sir, have you ever taken an economics class, I mean not to be condescending but they teach the difference between debt and deficit in Econ101
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Sigh...Kool-Aid Poisoning and Hippie Math.
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So, does that mean you think debt and deficit are the same thing?
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I am asking a simple question, do you believe that the deficit and debt are the same thing?
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Atheos we will never agree because I deal with reality and morals you live in Lib Fantasy Land and deal in debauchery.
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It is not about whether or not we agree. I asked a simple question, do you believe debt and deficit are synonymous terms?
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It is not about what liberals do or don't. Do you believe deficit and debt are synonymous terms?
It is a yes or no question, so I do not understand why you continue to dodge such a simple question.
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So you believe the US has a 17 trillion dollar deficit?
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According to the Obamassiah the economy and everything else is doing well,we even had recovery summer a few years back.
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I asked if you believe that the US has/had a 17 trillion dollar deficit..
so, do you believe the US has a 17 trillion dollar deficit?
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According to the Obamassiah everything is just fine.
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Zane, you said previously that you know what you believe in.
I asked a direct question,. do you believe the US currently has a 17 trillion dollar deficit?
For some reason, either through sheer ignorance or willful stupidity, you chose to deflect from addressing the question.
So, I shall ask again, do you believe that the US currently has a 17 trillion dollar deficit?
If what you said previously, that you know what you believe, then it it should be easy to say either yes, you believe the US has a 17 trillion dollar deficit, or no, you do not believe such.
... I admit, I am not expecting you to actually address such a simple yes or no question.
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Yep.
Atheos you know full well what I believe and I know what you think.
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Ah, 17 trillion dollar deficit hm interesting.....
I know what you purport to believe, as far as what you really believe I cannot say.
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Just as I know what you really believe Atheos, your hatred for Conservatives is undeniable.
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I hate no one, I disagree greatly with many conservatives and find much of the neo-conservative base be highly destructive but hate.. I leave such things to you.
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