Saturday, February 8, 2025

Pounding the facts, the law, or the table



Let's start with some facts



9:18 AM:

How do you get unvarnished and unspun facts on what is spent? If you don't have the keys to the Treasury;  but you can, at least, go to their website, and get some of those numbers to chew on. I've done some of that, but I'm not prepared to write up anything on that subject.

The numbers being discussed in the news don't amount to much when the deficit is monstrously big. The question arises as to what can be done in order to bring the budget back into balance? So I will be digging into that soon, and perhaps if I can write anything worthwhile, I'll post something about it.

It's been awhile since I posted anything on the economy. Has anything changed? One thing DID change. The share of the budget for government went up from 20 per cent to 23 per cent of GDP. In a near 30 trillion dollar economy, that (3%) would be close to a trillion. Can any of that be rolled back? We'll see about that as a possibility. Some of that expense is interest on the debt. Once interest rates went up, so did the interest payments on the debt.   So, I'll have to get back to that in the future.



11:45:

For the basic facts, go to the source: Treasury dot gov



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