On Mon, 08 Nov 2004 17:15:59 GMT, "Michael McKelvy"
wrote:

It also has the biggest budget in the world. As a % of GDP our deficit is
tiny.

It's smaller than it was during Reagan's presidency but at 3.6 percent
of U.S. GDP it's a long way from tiny. Also you should exclude the
Social Security surplus because it is not a cash surplus but goes
toward bond purchases that incur future liabilities, the inclusion of
which began under Reagan to disguise the size of the general budget
deficit. Doing so yields a budget deficit of $661 billion, or 6
percent of GDP.

"jak163" wrote in message
...
On Mon, 08 Nov 2004 17:15:59 GMT, "Michael McKelvy"
wrote:

It also has the biggest budget in the world. As a % of GDP our deficit is
tiny.

It's smaller than it was during Reagan's presidency but at 3.6 percent
of U.S. GDP it's a long way from tiny. Also you should exclude the
Social Security surplus because it is not a cash surplus but goes
toward bond purchases that incur future liabilities, the inclusion of
which began under Reagan to disguise the size of the general budget
deficit. Doing so yields a budget deficit of $661 billion, or 6
percent of GDP.

I'll bet you have at least that % of debt in your own responsibility.