pete@ecrcvax.UUCP (Pete Delaney) (10/07/85)
In article <unc.99> rentsch@unc.UUCP (Tim Rentsch) writes: >In article <144@ecrcvax.UUCP> pete@ecrcvax.UUCP (Pete Delaney) writes: >>Also, the FCC isn't cheap. Looks like the $200,000,000,000 deficit will hit >>$300,000,000,000 in just a few years. Really, see todays Wall Street Journal. >>Thats only a few hundred thousand per family. > >$200,000,000,000 / 200,000,000 people = $1,000 / person > >I guess that means several hundred people per family (to get to "a >few hundred thousand per family"). Looks like you cought me; my mistake. $200 Billion is "just" the Deficit for this year. I guess the funded debt then at $2 Trillion would be "just" $10,000 / person. And of course as we all know (dont we?) the unfunded debt is somewhere between 3 and 10 times the funded debt. You know good old social in-security, milatary pensions, etc. I even heard a congressmen today actually say something about the constitutional ammendment stoping a Bidgit Deficit not being significant because all the really important stuff isn't in the budget; well at least he was being a bit honest. So if we optimisticly estimate a unfunded debt of say $10 to $20 Trillion that would be JUST $50,000 to $100,000 per person. I left my economic literature in storage, else I could give you the offical actuarry figures. Of course we have a congressive (sic alias: progressive) tax structure that puts a significantly larger part of that burden on us UNIX hackers, doctors, etc... I was really impressed that they are TALKING about PROMISSING a balanced budget by 1991. a. It's curently be discussed in Washington, DO SOMETHING! b. Promisses by governments are usually broken. c. What about the unfunded stuff? it's more important! d. What about the current trend? $ +50 * $ 0 * * * * * * * * * * $-50 * * * * * * * * * * $-100 * * $-150 * * * * $-200 * * * $-250 ? ? ? ? $-300 ? ? ? $-350 ? ? $-400 ? ? $-450 ? ? $-500 ? 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 So, by this simple graphical extrapolation it currently looks like by 1990: Yearly Deficit: $-500Billion/Yr $2,500/Yr/Person Federal Debt: $4 Trillion $20,000/Person + + + Unfunded Dept: $20 to 50 Trillion $100,000 to 250,000/Person -------------- ------------------ -------------------------- Total Fed Debt: $25 to 55 Trillion $120,000 to $270,000/Person ( HALF A MILLION ) ( PER UNIX HACKER ) Of course the congressive tax will shift the major part of that burden to those with something still left to take. Now, you could call up your congressional aids and demand that they balance the TOTAL budget NOW. But like most civilizations we won't respond to the threat until their knife is up against our throats. Oh yes, there is another solution. The Federal Reserve open market commitee can 'buy' the tressury dept and then issue Federal Reserve Notes on it. After all Debt is good collateral, right? It's called printing money. Marx promoted it as a way to distroy a free/market-based society. Sorry for flaming so long and posting in net.general. If you care, a quick phone call to Washington MIGHT help. -- -------------------------------------------- Pete Delaney - Rocky Mnt. Unix Consultant Phone: (49) 89 92699-139 European Computer-Industry Research Center UUCP: mcvax!unido!ecrcvax!pete ArabellaStrasse 17 UUCP Domain: pete@ecrcvax.UUCP D-8000 Muenchen 81, West Germany X25: (262)-45890040262 CSNET:pete%ecrcvax.UUCP@Germany.CSNET Login: <to be provided?> ------------------------------------------------------------------------------