Friday, October 18, 2013

Steve's barking, US budget deficit going down----bad

I've been reading some bad news US budget deficit is being reduced in the time of the great sequester.
Any time a budget is reduced on the back of people, that's not good. I can not rejoice, the budget deficit is going down the budget deficit is going down, were spending less and the the private sector isn't picking up the slack and there's less money in the economy.Now I don't know what economist thing that's a good thing. Maybe the economist who doesn't put his money in a bank, for banks run the same kind of deficit spending that the government does only they can't print (?) money the way the Federal Bank can.
Now in case a person reading this doesn't understand how I can compare the US deficit to a bank, think of it this way, the bank borrows my money as a depositor and lend it out with interest hoping there aren't too many defaults, the government (lends?) out money to people such as farmers, the poor in the form of food stamps and housing subsidies. ( Some of you who read this may not comprehend, for this is an abstract idea). The government can make up this money in the form of higher taxes and or inflation.

Question: Did the great sequester hurting the housing market and perhaps the banks?
Question: Was borrowing from credit cards going up due to the sequester
Question: Are delinquecies in paying on time cable and telephone bills going up due to the sequester?
Question: How are car sales, especially in areas with high government worker and in areas with companies that have government contracts?

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