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View Diary: Letter to my Congressman (23 comments)

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  •  You need to use deficit instead of debt. (4+ / 0-)

    The debt is the total amount that we owe.  That has gone up considerably over the last four years.

    You need to fix the second sentence of your first paragraph.

    Numbers are like people . . . Torture them enough and they'll tell you anything.

    by Actuary4Change on Mon Nov 12, 2012 at 09:03:14 AM PST

    •  Considerably, I think. (3+ / 0-)
      Recommended by:
      YucatanMan, glorificus, bushondrugs

      I did indeed conflate two different things.  I wanted to express that the wars drove up the debt considerably, and that with the war ending, we could borrow less.  

      Am I correct in thinking the deficit is our yearly budget shortfall and that the National Debt is our cumulative responsibility?  If so, reducing the deficit means our revenue becomes closer to our expenditures within the fiscal year, although still with a shortfall.  Am I right?

      •  In theory, the deficit/surplus (3+ / 0-)
        Recommended by:
        YucatanMan, bluedust, glorificus

        Is the change in the debt every year. It's a bit more complicated than that in reality, as there is a distinction between total debt and debt held by the public.

        Republicans are far more socialist than Democrats. Just because they want to redistribute the wealth upwards does not make it any better.

        by MrAnon on Mon Nov 12, 2012 at 10:10:00 AM PST

        [ Parent ]

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