RICH, I THINK SO IF I UNDERSTAND YOU CORRECTLY. WE LEARNED IN 1937 THAT GOVT ACCOUNTING NEEDS TO BE ON A ‘CASH’ BASIS TO ACCOUNT FOR THE FISCAL EFFECTS. THAT’S WHEN THEY PUT SOCIAL SECURITY ON BUDGET AND THE FUNDS ‘COLLECTED’ ARE LUMPED IN WITH GENERAL REVENUES AND THE PAYOUTS WITH GENERAL EXPENSES WHEN CALCULATING THE EFFECTIVE ‘BUDGET DEFICIT’

THE IMPORTANT ASPECT IS THE NET FINANCIAL ASSETS AND INCOME ADDED OR SUBTRACTED FROM THE NON GOVT SECTORS.

LOL! Begotka – mosler’s law – there is no financial crisis so deep that an increase in net public spending cannot blow up the gubbermint and sink the nation into a morass of failed states! LOL! Remember if the captain of the titanic had hit the iceberg head on they all would have lived, but the warren types tried to finagle and turn that ship and save it and sunk it to the bottom of the sea!

Just about wipes out the US public debt.

Resp,

State Sovereignty, over half now and Texas is leading the way, seems the poo is going to hit the fan soon! How come the liars on the corporate medias leave this out?

http://www.youtube.com/watch?v=dP8YnOADO3E

We cannot go on the way we are and god help us!

Almost like their is “intentional” action to reduce american demand and standard of living so that china can go up in standard of living and get more oil and increase her AD – maybe on the golf course President Wu told clinton look we funded you and billy and even Obie, and it’s my peoples turn to have nice life. Everyone over here is an engineer and desperate to work unlike those party til you puke useless american shopping machines.

Keeps money in economy to support demand/net savings desires. Isn’t one of the “costs” of our defined contribution plan the govt. having to run deficits to fund the net savings desires for these programs? Are there better uses for deficits that this?