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Post by unlawflcombatnt on Aug 2, 2006 21:17:25 GMT -6
Despite the rhetoric from the Bush dictatorship, the Federal Government's indebtedness has increased more over the last year than it did during the previous 12 months. Over the 12 months ending 8/1/06, the Public Debt increased $567 billion, which is $14 billion more than it increased during the previous 12-month period. The national debt has increased over $500 billion per year over the last 3 years. In fact, it increased $567 billion from August 1st, 2005, to August 1st 2006. And despite the Bush dictatorship's dishonest rhetoric, this is an INCREASE over the previous 12 months' number of $553 billion. Below is a copy of the debt statistics from late July of 2004, 2005, and 2006. The change from the previous year is shown in red below each July's statistics. The Treasury Dept. link is at www.publicdebt.treas.gov/cgi-bin/cgiwrap/~www/opdpen.cgiThe Public Debt has increased $1.7 trillion over the last 3 years alone.
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Post by lc on Aug 2, 2006 22:17:19 GMT -6
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Post by unlawflcombatnt on Aug 4, 2006 19:06:05 GMT -6
They're just making up the facts as they go along. Based on the fact that the total Public Debt has increased over the last year, while the Bush dictatorship claims the budget "deficit" has decreased, it seems likely that they've borrowed even more money from Social Security to make the deficit smaller. And this would mean that "tax revenues" (which, by implication, means Federal Income Tax revenues), have not kept pace with spending.
From this it appears that the "increased" revenue came from money stolen from Social Security, not from increased tax collections from the rich or from Corporate America.
If there's another plausible explanation, I'd love to hear it.
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Post by lc on Aug 5, 2006 10:01:57 GMT -6
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Post by unlawflcombatnt on Aug 5, 2006 18:36:57 GMT -6
I found another case of government fact creation regarding housing today. It comes from the OFHEO. They stated home price appreciations that are grossly in excess of what any other sources have stated. I'll have to write a more comprehensive post on this later. It took me several hours to sort through it. Suffice to say that they've state annual home price appreciations that are much greater than those stated by either the Census Bureau or the National Association of Realtors. They've state a 1st quarter price increase in homes of 2.6%, and a year over year increase of 12.5%. No other sources have anything like that. In fact, all other sources show a 1st quarter decline in prices in both existing homes and new homes. Again, I'll post more on this later.
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Post by lc on Aug 5, 2006 23:03:43 GMT -6
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Post by unlawflcombatnt on Aug 8, 2006 15:43:20 GMT -6
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Post by graybeard on Aug 13, 2006 6:15:15 GMT -6
CNN's "Lou Dobbs Tonight" on Friday revealed that the govt is keeping two sets of books. Per the concealed set, even the Clinton surplus was in reality a deficit also. You can probably find the transcript at LouDobbs.com.
People in the private sector go to jail for keeping two sets of books. GB
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Post by unlawflcombatnt on Aug 13, 2006 18:45:28 GMT -6
Graybeard,
Thanks for heads up on this. I'll have to look this up. (I missed Lou Dobbs on Friday.)
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Post by unlawflcombatnt on Aug 18, 2006 16:14:43 GMT -6
Below is a combined copy of the Federal Debt and Federal Revenues from Senator Kent Conrad's site. This is a good illustration of how Social Security surpluses are being used to lower the annual budget deficit. They're simply subtraction the amount they steal from Social Security from the total deficit. ------------- Question:
Does anyone know where the "$120 B Other" on the top chart comes from???
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