Talk of The Villages Florida - View Single Post - Trumps Economic Plan
View Single Post
 
Old 06-28-2016, 08:04 AM
Guest
n/a
 
Posts: n/a
Default

Quote:
Originally Posted by Guest View Post
You obviously do not know the difference between the budget and the national debt, even after you read it and copied it to your post.
Anyone can make a budget. It's just figures on a piece of paper. You either stay within your budget or you don't. The national debt is how much money the government OWES.
Example:

Let's say, I owe $400 in credit card debt. I decide that I will budget my earnings and not borrow anymore on my credit card. I manage not to use my credit card for a year but I still owe money on my debt because I did not have enough left over after paying my bills to pay down on the loan. That means, I made a balanced budget but did not pay down on my household credit debt. Paying the interest on my credit card, does not pay the debt off. If, on the other hand, I find that I can not survive on my the budget of my earnings and have to borrow to survive, I have a budget deficit. Because I have to pay out more money than I take in.

The national debt is how much money we owe, and it has gone up every year since Eisenhower. That means that America has spent more money than it has taken in by revenues, or the interest rate that we have accumulated during the year added on to the total national debt. Either way, the national debt has NOT been paid down if it has gone up every year.

I don't know how you do your math, but if I have the numbers from the Treasury, then that pretty much proves my point.
Did you read the entire link I posted? yes or no