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Topic: Deficit, Surplus, Debt in laymans terms
msharmony Joined Mon 08/31/09 Posts: 61041	Fri 07/27/12 09:28 AM
...if you have the following obligations a home 'purchased' for 200000 (1000 per month) a car 'purchased' for 30000 (250 per month) car insurance of 1200/yr (100 per month) the total DEBT would be upwards of 235000 @ 1350 per month If you earned 3000 per month you would have a monthly SURPLUS of 1650 per month but if you only earned 1000 per month you would have a monthly DEFICIT of 350 per month you may never compltelely OWN That house so that would remain a debt technically but as long as you have a 'balanced' monthly budget or a surplus, you dont have to worry about the home being taken away ,,,so essentially, our DEBT is what we have ACCUMULATED altogether in obligations our BUDGET(Deficit or surplus) is an indicator of how well we are staying current on those debts,,, our debt hit more than half trill in 1975 more than a tril in 1982 more than 5 trill in 1996 more than 10 trill in 2008 and is at more than 15 trill, today, in 2012 we are accumulating more 'stuff' our BUDGET Has seen a surplus in only 12 fiscal years since 1940 we could learn to 'budget' our expenses much better

InvictusV Joined Sun 11/23/08 Posts: 5282	Fri 07/27/12 12:44 PM
...if you have the following obligations a home 'purchased' for 200000 (1000 per month) a car 'purchased' for 30000 (250 per month) car insurance of 1200/yr (100 per month) the total DEBT would be upwards of 235000 @ 1350 per month If you earned 3000 per month you would have a monthly SURPLUS of 1650 per month but if you only earned 1000 per month you would have a monthly DEFICIT of 350 per month you may never compltelely OWN That house so that would remain a debt technically but as long as you have a 'balanced' monthly budget or a surplus, you dont have to worry about the home being taken away ,,,so essentially, our DEBT is what we have ACCUMULATED altogether in obligations our BUDGET(Deficit or surplus) is an indicator of how well we are staying current on those debts,,, our debt hit more than half trill in 1975 more than a tril in 1982 more than 5 trill in 1996 more than 10 trill in 2008 and is at more than 15 trill, today, in 2012 we are accumulating more 'stuff' our BUDGET Has seen a surplus in only 12 fiscal years since 1940 we could learn to 'budget' our expenses much better accumulating more "stuff"?

Leigh2154 Joined Sun 10/02/11 Posts: 16479	Fri 07/27/12 01:11 PM
...if you have the following obligations a home 'purchased' for 200000 (1000 per month) a car 'purchased' for 30000 (250 per month) car insurance of 1200/yr (100 per month) the total DEBT would be upwards of 235000 @ 1350 per month If you earned 3000 per month you would have a monthly SURPLUS of 1650 per month but if you only earned 1000 per month you would have a monthly DEFICIT of 350 per month you may never compltelely OWN That house so that would remain a debt technically but as long as you have a 'balanced' monthly budget or a surplus, you dont have to worry about the home being taken away ,,,so essentially, our DEBT is what we have ACCUMULATED altogether in obligations our BUDGET(Deficit or surplus) is an indicator of how well we are staying current on those debts,,, our debt hit more than half trill in 1975 more than a tril in 1982 more than 5 trill in 1996 more than 10 trill in 2008 and is at more than 15 trill, today, in 2012 we are accumulating more 'stuff' our BUDGET Has seen a surplus in only 12 fiscal years since 1940 we could learn to 'budget' our expenses much better Our debt is not what we have accumulated...How did you come up with that? By the way, if you are going to explain the national debt and how it works to the rest of us and do it in laymens terms so that we can understand it better why would you leave out this figure...$37,953,000,000.00...That is the monthly interest on this $15,882,000,000,000.00...This, $15,882,000,000,000.00 is our national debt....I would also like to know what "more stuff" means....

Peccy Joined Thu 06/28/07 Posts: 17181	Fri 07/27/12 01:28 PM
? what stuff are you talking about?

Leigh2154 Joined Sun 10/02/11 Posts: 16479	Fri 07/27/12 03:31 PM
? what stuff are you talking about? Three people ask one simple question and get no answer

TJN Joined Sun 12/02/07 Posts: 6745	Fri 07/27/12 03:32 PM
Stuff? We don't need no stinking stuff.

Leigh2154 Joined Sun 10/02/11 Posts: 16479	Fri 07/27/12 03:34 PM
Stuff? We don't need no stinking stuff. Thanks to Obama, we can't afford any "stuff" whatever that is..

msharmony Joined Mon 08/31/09 Posts: 61041	Fri 07/27/12 03:41 PM Edited by msharmony on Fri 07/27/12 03:42 PM
...if you have the following obligations a home 'purchased' for 200000 (1000 per month) a car 'purchased' for 30000 (250 per month) car insurance of 1200/yr (100 per month) the total DEBT would be upwards of 235000 @ 1350 per month If you earned 3000 per month you would have a monthly SURPLUS of 1650 per month but if you only earned 1000 per month you would have a monthly DEFICIT of 350 per month you may never compltelely OWN That house so that would remain a debt technically but as long as you have a 'balanced' monthly budget or a surplus, you dont have to worry about the home being taken away ,,,so essentially, our DEBT is what we have ACCUMULATED altogether in obligations our BUDGET(Deficit or surplus) is an indicator of how well we are staying current on those debts,,, our debt hit more than half trill in 1975 more than a tril in 1982 more than 5 trill in 1996 more than 10 trill in 2008 and is at more than 15 trill, today, in 2012 we are accumulating more 'stuff' our BUDGET Has seen a surplus in only 12 fiscal years since 1940 we could learn to 'budget' our expenses much better Our debt is not what we have accumulated...How did you come up with that? By the way, if you are going to explain the national debt and how it works to the rest of us and do it in laymens terms so that we can understand it better why would you leave out this figure...$37,953,000,000.00...That is the monthly interest on this $15,882,000,000,000.00...This, $15,882,000,000,000.00 is our national debt....I would also like to know what "more stuff" means.... in an example, numercial terms are hypothetical and usually the simpler they are the easier the example is to understand we have alot of money floating around internationally in the form of treasuries, but most people dont exchange money for money for using a laymans example of money for STUFF, was simpler to explain we have ACCUMULATED stuff in the form of investments from others that we have yet to give a return on,,,mostly what I was pointing out that all 'debt' is not bad, as it just quantifies the totality of what is yet to be paid for what we have accumulated what is at issue is the 'budget' and whether we are paying for those things on the schedule agreed to,,, or a 'balanced budget'

Leigh2154 Joined Sun 10/02/11 Posts: 16479	Fri 07/27/12 03:48 PM
...if you have the following obligations a home 'purchased' for 200000 (1000 per month) a car 'purchased' for 30000 (250 per month) car insurance of 1200/yr (100 per month) the total DEBT would be upwards of 235000 @ 1350 per month If you earned 3000 per month you would have a monthly SURPLUS of 1650 per month but if you only earned 1000 per month you would have a monthly DEFICIT of 350 per month you may never compltelely OWN That house so that would remain a debt technically but as long as you have a 'balanced' monthly budget or a surplus, you dont have to worry about the home being taken away ,,,so essentially, our DEBT is what we have ACCUMULATED altogether in obligations our BUDGET(Deficit or surplus) is an indicator of how well we are staying current on those debts,,, our debt hit more than half trill in 1975 more than a tril in 1982 more than 5 trill in 1996 more than 10 trill in 2008 and is at more than 15 trill, today, in 2012 we are accumulating more 'stuff' our BUDGET Has seen a surplus in only 12 fiscal years since 1940 we could learn to 'budget' our expenses much better Our debt is not what we have accumulated...How did you come up with that? By the way, if you are going to explain the national debt and how it works to the rest of us and do it in laymens terms so that we can understand it better why would you leave out this figure...$37,953,000,000.00...That is the monthly interest on this $15,882,000,000,000.00...This, $15,882,000,000,000.00 is our national debt....I would also like to know what "more stuff" means.... in an example, numercial terms are hypothetical and usually the simpler they are the easier the example is to understand we have alot of money floating around internationally in the form of treasuries, but most people dont exchange money for money for using a laymans example of money for STUFF, was simpler to explain we have ACCUMULATED stuff in the form of investments from others that we have yet to give a return on,,,mostly Simple math is not that hard to understand....Most of us learned it in grade shcool.... What "stuff" in the form of investments, be specific...How much money do we have floating around internationally in the form of treasuries? ...What treasuries, be specific.......Is the money we have "floating" around internationally as much or more than the money we owe internationally?....Are we earning anything on these treasuries we have floating around internationally?...Whuch countries are they floating in?......

msharmony Joined Mon 08/31/09 Posts: 61041	Fri 07/27/12 03:51 PM Edited by msharmony on Fri 07/27/12 03:53 PM
...if you have the following obligations a home 'purchased' for 200000 (1000 per month) a car 'purchased' for 30000 (250 per month) car insurance of 1200/yr (100 per month) the total DEBT would be upwards of 235000 @ 1350 per month If you earned 3000 per month you would have a monthly SURPLUS of 1650 per month but if you only earned 1000 per month you would have a monthly DEFICIT of 350 per month you may never compltelely OWN That house so that would remain a debt technically but as long as you have a 'balanced' monthly budget or a surplus, you dont have to worry about the home being taken away ,,,so essentially, our DEBT is what we have ACCUMULATED altogether in obligations our BUDGET(Deficit or surplus) is an indicator of how well we are staying current on those debts,,, our debt hit more than half trill in 1975 more than a tril in 1982 more than 5 trill in 1996 more than 10 trill in 2008 and is at more than 15 trill, today, in 2012 we are accumulating more 'stuff' our BUDGET Has seen a surplus in only 12 fiscal years since 1940 we could learn to 'budget' our expenses much better Our debt is not what we have accumulated...How did you come up with that? By the way, if you are going to explain the national debt and how it works to the rest of us and do it in laymens terms so that we can understand it better why would you leave out this figure...$37,953,000,000.00...That is the monthly interest on this $15,882,000,000,000.00...This, $15,882,000,000,000.00 is our national debt....I would also like to know what "more stuff" means.... in an example, numercial terms are hypothetical and usually the simpler they are the easier the example is to understand we have alot of money floating around internationally in the form of treasuries, but most people dont exchange money for money for using a laymans example of money for STUFF, was simpler to explain we have ACCUMULATED stuff in the form of investments from others that we have yet to give a return on,,,mostly Simple math is not that hard to understand....Most of us learned it in grade shcool.... What "stuff" in the form of investments, be specific...How much money do we have floating around internationally in the form of treasuries? ...What treasuries, be specific.......Is the money we have "floating" around internationally as much or more than the money we owe internationally?....Are we earning anything on these treasuries we have floating around internationally?...Whuch countries are they floating in?...... most people did not learn about international geography very well in grade school, let alone international treasuries and spending I explained in terms MOST adults can grasp to understand the basic meaning of the words DEBT, surplus/deficit,, by including what MOST adults are financially obligated to in their everyday lives,,, I will leave my BASIC definition/explanation as it stands,, anything more is actually much more than a 'layman' definition of those three simple words DEBT Deficit Surplus

Leigh2154 Joined Sun 10/02/11 Posts: 16479	Fri 07/27/12 03:55 PM
...if you have the following obligations a home 'purchased' for 200000 (1000 per month) a car 'purchased' for 30000 (250 per month) car insurance of 1200/yr (100 per month) the total DEBT would be upwards of 235000 @ 1350 per month If you earned 3000 per month you would have a monthly SURPLUS of 1650 per month but if you only earned 1000 per month you would have a monthly DEFICIT of 350 per month you may never compltelely OWN That house so that would remain a debt technically but as long as you have a 'balanced' monthly budget or a surplus, you dont have to worry about the home being taken away ,,,so essentially, our DEBT is what we have ACCUMULATED altogether in obligations our BUDGET(Deficit or surplus) is an indicator of how well we are staying current on those debts,,, our debt hit more than half trill in 1975 more than a tril in 1982 more than 5 trill in 1996 more than 10 trill in 2008 and is at more than 15 trill, today, in 2012 we are accumulating more 'stuff' our BUDGET Has seen a surplus in only 12 fiscal years since 1940 we could learn to 'budget' our expenses much better Our debt is not what we have accumulated...How did you come up with that? By the way, if you are going to explain the national debt and how it works to the rest of us and do it in laymens terms so that we can understand it better why would you leave out this figure...$37,953,000,000.00...That is the monthly interest on this $15,882,000,000,000.00...This, $15,882,000,000,000.00 is our national debt....I would also like to know what "more stuff" means.... in an example, numercial terms are hypothetical and usually the simpler they are the easier the example is to understand we have alot of money floating around internationally in the form of treasuries, but most people dont exchange money for money for using a laymans example of money for STUFF, was simpler to explain we have ACCUMULATED stuff in the form of investments from others that we have yet to give a return on,,,mostly Simple math is not that hard to understand....Most of us learned it in grade shcool.... What "stuff" in the form of investments, be specific...How much money do we have floating around internationally in the form of treasuries? ...What treasuries, be specific.......Is the money we have "floating" around internationally as much or more than the money we owe internationally?....Are we earning anything on these treasuries we have floating around internationally?...Whuch countries are they floating in?...... most people did not learn about international geography very well in grade school, let alone international treasuries and spending I will leave my BASIC definition/explanation as it stands,, anything more is actually much more than a 'layman' definition of those three simple words DEBT Deficit Surplus Just as I thought, no answers to specific questions...What is the purpose of this thread?...I thought the topic was U.S. budget.....In laymens terms of course....

msharmony Joined Mon 08/31/09 Posts: 61041	Fri 07/27/12 03:58 PM
nope, not going to be 'specific' in a GENERAL Description of terms deficit budget and surplus exist in places other than GOVERNMENt, they exist wherever one entity/person keeps a budget using a household analogy provides the simplest most straightforward explanation of those three terms because MOST adults have a household most dont necessarily invest in or know anything about TREASURIES feel free to start a seperate thread of SPECIFIC explanation about that topic,,,,

Leigh2154 Joined Sun 10/02/11 Posts: 16479	Fri 07/27/12 04:00 PM
nope, not going to be 'specific' in a GENERAL Description of terms deficit budget and surplus exist in places other than GOVERNMENt, they exist wherever one entity/person keeps a budget using a household analogy provides the simplest most straightforward explanation of those three terms because MOST adults have a household most dont necessarily invest in or know anything about TREASURIES feel free to start a seperate thread of SPECIFIC explanation about that topic,,,, Most?

esebulldog Joined Wed 08/05/09 Posts: 22342	Fri 07/27/12 04:02 PM Edited by esebulldog on Fri 07/27/12 04:03 PM
those that do, didn't acquire the household themselves edited to note: i really don't think this way, but i found the situation to be so freakin' funny to me. other's may not see the humor

Leigh2154 Joined Sun 10/02/11 Posts: 16479	Fri 07/27/12 04:05 PM Edited by Leigh2154 on Fri 07/27/12 04:06 PM
those that do, didn't acquire the household themselves Maybe they planted a seed and a house popped up Ese... Almost time for the Olympics, nite all......

msharmony Joined Mon 08/31/09 Posts: 61041	Fri 07/27/12 04:06 PM
those that do, didn't acquire the household themselves edited to note: i really don't think this way, but i found the situation to be so freakin' funny to me. other's may not see the humor actually, most didnt, there were probably builders to put up the house, people to zone the house in that neighborhood, and bankers to loan the money (Take a chance on that person),,,, life is about more than 'money spent',,,,

InvictusV Joined Sun 11/23/08 Posts: 5282	Fri 07/27/12 06:29 PM
...if you have the following obligations a home 'purchased' for 200000 (1000 per month) a car 'purchased' for 30000 (250 per month) car insurance of 1200/yr (100 per month) the total DEBT would be upwards of 235000 @ 1350 per month If you earned 3000 per month you would have a monthly SURPLUS of 1650 per month but if you only earned 1000 per month you would have a monthly DEFICIT of 350 per month you may never compltelely OWN That house so that would remain a debt technically but as long as you have a 'balanced' monthly budget or a surplus, you dont have to worry about the home being taken away ,,,so essentially, our DEBT is what we have ACCUMULATED altogether in obligations our BUDGET(Deficit or surplus) is an indicator of how well we are staying current on those debts,,, our debt hit more than half trill in 1975 more than a tril in 1982 more than 5 trill in 1996 more than 10 trill in 2008 and is at more than 15 trill, today, in 2012 we are accumulating more 'stuff' our BUDGET Has seen a surplus in only 12 fiscal years since 1940 we could learn to 'budget' our expenses much better Our debt is not what we have accumulated...How did you come up with that? By the way, if you are going to explain the national debt and how it works to the rest of us and do it in laymens terms so that we can understand it better why would you leave out this figure...$37,953,000,000.00...That is the monthly interest on this $15,882,000,000,000.00...This, $15,882,000,000,000.00 is our national debt....I would also like to know what "more stuff" means.... in an example, numercial terms are hypothetical and usually the simpler they are the easier the example is to understand we have alot of money floating around internationally in the form of treasuries, but most people dont exchange money for money for using a laymans example of money for STUFF, was simpler to explain we have ACCUMULATED stuff in the form of investments from others that we have yet to give a return on,,,mostly what I was pointing out that all 'debt' is not bad, as it just quantifies the totality of what is yet to be paid for what we have accumulated what is at issue is the 'budget' and whether we are paying for those things on the schedule agreed to,,, or a 'balanced budget' semantics.. T-bills are a debt. A debt that accrues interest. They are not capital or an asset that has a value. Its a fiat currency backed piece of paper that they can issue on a whim.

heavenlyboy34 Joined Fri 07/04/08 Posts: 17348	Fri 07/27/12 07:01 PM
A little off-topic, but if you want to watch the debt mount as it happens (approximately), check out www.usdebtclock.org

Leigh2154 Joined Sun 10/02/11 Posts: 16479	Fri 07/27/12 08:10 PM
A little off-topic, but if you want to watch the debt mount as it happens (approximately), check out www.usdebtclock.org You're not off topic, the topic is the debt, deficit, surplus in laymens terms of course....