Public Debt vs National Trade Deficit

[98v6]

Correct me if I'm wrong, and I just got a thread locked over this b/c i felt like being an @$$ and not actually trying to figure out something that confused me, but isn't the trade deficit the difference in $$$ of imports and exports, while the national debt is just the amount of money the people owe to each other and other countries combined?

[98v6]

If I'm right, like I just automatically assumed before I thought it over, the national debt would always be higher and always exist no matter who the pres was, and of course it would go up when the economy was bad especially with the low interest rates-borrowing money is cheap, so people do it more which increases overall debt.

Whereas the deficit is just to show that we import more than we export, it is a reflector of our general economic wellbeing.

[Justin Kirkham]

There are two kind of deficits which are commonly spoken of. The first is the one you mentioned, the trade deficit. It is equeal to exports minus imports. The other kind of deficit, the one that the liberals are touting, is 'The Deficit', otherwise known as the budget deficit. This is the amount that the legislature is over-spending, essentially. It is calculated as governmental income(taxes), minus expenditures. The deficit adds to the national debt, while the trade deficit is a different matter. 'The Deficit' is the loss of funds that occurs in a one year period, while the debt is the overall effect of years of deficits. The national debt does not pertain to individual investors/borrowers. It only pertains to the federal government.

-Justin

P.S. Is that what you are asking for?

[ July 23, 2004, 05:46 AM: Message edited by: Justin Kirkham ]

[speedy-v6-camaro]

Originally posted by 98v6:
b/c i felt like being an @$$ and not actually trying to figure out something that confused me

Amazing....its like this never happened before. If you would do some research or at least ask a question before spouting off at the mouth then maybe you wouldn't come off as such a dumb *******.

[3.4 [deployed]]

damn, just sh*t upon the man when he's trying to better himslef

[hawgs]

Originally posted by 3.4 [deployed]:
damn, just sh*t upon the man when he's trying to better himslef

I am proud of the old toolbag for trying to learn, but what speedy-v6-camaro said is right.

[98v6]

Originally posted by Justin Kirkham:
There are two kind of deficits which are commonly spoken of. The first is the one you mentioned, the trade deficit. It is equeal to exports minus imports. The other kind of deficit, the one that the liberals are touting, is 'The Deficit', otherwise known as the budget deficit. This is the amount that the legislature is over-spending, essentially. It is calculated as governmental income(taxes), minus expenditures. The deficit adds to the national debt, while the trade deficit is a different matter. 'The Deficit' is the loss of funds that occurs in a one year period, while the debt is the overall effect of years of deficits. The national debt does not pertain to individual investors/borrowers. It only pertains to the federal government.

-Justin

P.S. Is that what you are asking for?

Yeah, thanks. Somewhere, I learned that and somewhere else I forgot it lol. Anyway, thanks for not being an @$$!