The monetary value of all the finished goods and services produced
within a country's borders in a specific time period, though GDP is
usually calculated on an annual basis. It includes all of private and
public consumption, government outlays, investments and exports less
imports that occur within a defined territory.

GDP = C + G + I + NX


Doesnt that mean that outsourcing jobs hurts our GDP?

you would think so

The debt's a problem, but we fixed a worse one before!
• Truman, Ike, Kennedy, Johnson, Nixon, and Carter wiped out most of
the World War II debt. Take a look. • Two parts of the federal
government are running big surpluses. • We are going to hit a 50-year
high for debt as a percent of the economy (GDP).
The eye-popping $9 trillion gross national debt is owed by the "General
Fund." That's the part funded by our income taxes. Half of that goes for
the military and to pay interest on the debt. Fortunately two huge parts
of the budget, Social Security and Medicare, are running huge surpluses.

http://zfacts.com/p/461.html

The web site says this come straight from the government, I wished I
could understand it all. The site has a clock that is steadily counting
the deficit..

I thought SS was hurting but this says it and medicare are running huge
surpluses?????

Fanta>

SS Surpluses. Kinda proves my point about the legal imigration. Those
surpluses should back off as the bubble reaches its upper point on the
chart and begins to decline.

Im stupid in regards to this ****, but I knew I read that they are
spending our SS taxes for other things leaving us hurting.
Why dont they keep their hands off it?
I used to think it was untouchable, but they are paying off the interest
of the national debt with it. Thats why its broke ad.
They should leave it alone.......

Dont we have 1 economics major on site?
Somebody please explain this **** to me...

I personally like the supply side economic theory, where by cutting
taxes the govt can actually maximize tax revenue based on the Laffer
curve. Reagan did this, but still created a deficit because he spent
money domestically and on the military. If congress and the pres cannot
stop spending the deficit will just continue to increase

Hey you sound like you know what your talking about.

How come they keep telling us that social security is in trouble if that
stat shows a surplus?

They have been dipping into the Social Security fund to pay for other
stuff for decades.

They should keep their ****ing filthy hands off it, the lying bastards.
Now I have something else to ***** about. Will it never
end?????


Who am I kidding I like to *****.....

You guys are missing some points here. I don't have time today. I'll
remind you Davinci that printed money, cash in circulation, is a very
small fraction of the money supply, so the amount printed is not so much
of the problem as overall growth of the money supply. If you are
watching the Fed then you'll know some of this already.

Growing the economy out of debt is something that has been done
gradually, and yes spending continues to increase so it is hard to get
there. Overall economy is quite large. Personally I think 9 trillion is
a pretty big sum of money. Some economists might see it without such a
red flag based on growth theory.

SS dipping is an interesting question, however let me remind you that
even if you saved it all in a nice bank vault somewhere you would be
unlikely to improve the situation. Money spend in the economy circulates
several times before it makes it back to the fed. Google "velocity of
money" and have a look at what you get. If you put it all in savings
you will limit related growth.

I hate to go here, because so many just don't get it, but here goes. 30
years from now you will likely be hungry at some point. If there are
enough food producers and enough production, you will be fed. If there
is not enough production, it will not matter how much money is in the SS
fund, it will not be enough to buy your food. The biggest money will get
the most food. This principle holds true for other goods as well. All
the production, is apportioned among all the people. Destroy your
ability to produce and the net result will be shortages, eventually. So
it is not cash that is the panacea, it is production. Free trade is good
in that it helps us in the short term to get the most for our money, in
the long term we should be careful that it does not decimate our ability
to care for ourselves.

Anyone heard of beg from Peter to pay Paul?


Find out...show me I am wrong Robin,

to quote an old movie line..

"Show me the money!"

that your government plans to use to dig you guys out of this
hole...research it..show me I am wrong.

Your government is spending more than your country is earning...

the info came from the quoted web site

and your posts

what more is there

why do you seem to take it personal

or am i so vain i thought that post was about me

oh yea the name may of helped

I was hoping you would know...you go and research...you educate
yourself...you convert it into plain speak that everyone understands..

Robin, most times, you look for both sides of the story.

I was hoping you could show me, that your country is not in a financial
hole that will effect the other countries who rely on your economy.

Sorry, but I have this whole globalization think on the brain here. So
I'm thinking about the whole post, as well as another I just responded
to about "Edwards" and his views.

We are currently in the process, many countries, of creating the laws,
requirement, regulations, of a 'global' depostiory. The idea behind
this is to create 'cash' that is equal no matter which of the countries
you travel to or from, what products or services you purchase. The
desired affect is to 'level' the value of money, between these counties.
In other words, no rate exchange.
So if I purchase a blanket here that cost $20.00 I could go to any of
the other countries and purchase the same blanket for $20.00.

Now in some countries our dollar is worth less than a dollar and in most
countries our dollar is worth more, meaning our money could not support
us in our current style or we would be far better off, depending on the
country.

But when we 'level' the currency, we are also affecting the basic
economey of all these countries. In order for people in a country to
purchase the same food we do, for the same price we do, that country
must pay the same wages, must have the same basic profits etc.

This is the first step, in the globalization of the monetary system.
Next steps are to involve other countries, and finally the more
impoverished countries.

The ideal of this venture is to get the world united in one equal
monetary system.

Here's the thing I wonder - (next post please)

Philosopher at the end of WWI when Germany owed the world Trillions of
Dollars they were among the first to be hit by the great depression. To
compensate they printed money with no value. It would take a grocery
cart of it to buy a single loaf of bread. Unable to sell their crops and
goods billions of tons of crops were literally thrown into the ocean.
This is called hyper-inflation, and even though I had heard it before I
wanted to clarify the facts so I looked it up....

The US dollar was fixed at US$35/oz., but other countries such as
Germany suffered hyper-inflation and their currency was worthless. By
1932, the total value of world trade had halved. With no possibility for
export, no chance of credit, there was no way out.


Now here is what hyper-inflation is defined as....


The most common cause of the loss of value of money is the creation of
“Fictitious capital”, i.e., the creation of money or credit exchangeable
for money without the creation of commensurate value in the form of
goods and services, thus undermining the value of all forms of money and
credit: for example, the excessive printing of paper money by the
government to finance public works, the creation of fictitious value by
banks through unsecured loans, the declining exchange rate of a
country's currency, causing prices of all imports to increase, and so
forth.

I beleive that is what devinci was referring to... and because of it
billions of tons of crops were in fact thrown into the sea, in Europe
and America causing millions to starve and die...

I wonder, when the events of a global monetary conversion become a
reality, how will that affect our National debt, our national gross
product our deficit?

Numbers of these magnitudes dismay me, and I don't know enough about how
they plan to do this 'leveling', but I understand enough to know this -

if an impoverished nation becomes part of this system, somehow, the
poeple of that nation who are financially sound will make out in the
deal, while those who can barely feed themselves now, will be starving.
Makes sense to me, or how else could we go anywhere internationally and
pay the same price for, food, clothes, and other commodities and
necessities. The poor could not afford it with their original currency,
how do they suddenly work into making their 20 cents equal a global
dollar?

Now I think about the US - with it's deficits and expenses and the
comparisons based on current rate exchange and I see that our current
dollar, will be worth less in a global exchange. Will this somehow
depreciate our deficit, and will it make even more extreme, the division
of the classes within all these countries??

Is this a way to share the wealth among the wealthy, and spread the
deficits to all those who become the working poor, of their countries???

And yes jess we are in trouble. They have been covering it up for years
overinflating the stock market in hopes that things would come back
around.
Yesterday Wal-Mart, Target, and a lot of other major corporations
reported losses unequal in over 30 yrs. The housing market has for a few
years begun to sow a loss in growth, and all this resulted in the Stock
market to lose 150 pts yesterday.
Of course the really, really "smart economist" in this country will
hopefully find a way to hide it once again. Probably like devinci says
by printing more money, or like I say doctoring the books with a lot of
numbers and figures which I wonder if even they understand...

Fanta, your last post came between my two posts. I think you may have
well begun to explain what the point of my posts are trying to get to.
Do you think the idea of what you posted could be used in creating a
global leveling where currently is concerned?

For what you describe is basically what I fear will happen.

Mind you when it comes to economics I am really dumb founded!!!