Appendix 8
Historical Update.

It came From The Rock Report

The debt as of 10/01/1999 $5,652,679,330,611.02,

The debt as of 09/29/2000 $5,674,178,209,886.86

The fiscal year is over as of the last day of September, and it looks like the debt has increased by 22 billion dollars in fiscal year 2000.

This means two things:
You get to retain the prosperity that you demand from your elected representatives. (I Don't)

And:

We have taken yet another step closer to the point where the debt will destroy us.

Although… 22 billion is a comparatively small figure. If this value holds, and the trend continues, then in a few years you may have to make that difficult decision specified in "It Came From The Rock Report".

 

 

Appendix 9
Historical Update (2).

It came From The Rock Report

Ok, the year 2000 edition of Statistical Abstract of the United States is out. and the update for the deficit/surplus graph looks like this:

Blue columns = The deficit(-) or surplus(+),
Red columns = The increase in the Debt (per year).

If you compare it to the same graph in "It came from the Rock Report" you will notice that the 1999 values have changed somewhat. I had stated in that report that the 1999 numbers were government estimates, as are the year 2000 numbers in this graph. The 1999 values in this graph are no longer estimates. ( the most recent years are always estimated in this data table of Statistical Abstract of the United States ).

The (much under estimated) 22 Billion dollar value I had posted in Appendix 8, came from a different Government run internet source. I won't be using that site any longer as it doesn't seem to be trust worthy.

Conclusions from this data:

If you want to be an optimistic, you can say that because the year 2000 surplus is greater that the debt increase, that implies that for the first time there is a actual surplus in the 2000 values.

The pessimistic viewpoint is more accurate, borrowing an additional 80 Billion dollars when you already have a 166 billion dollar surplus is economic insanity. As previously stated I believe the reason why this mess exists, concerns the Social Security Trust Fund. I also believe this permanent yearly debt increase will eventually drag us down to economic ruin.
When will it happen? Hell, I don't know, my crystal ball hasn't worked right since I ran it through the dish washer.

 

Appendix 10
Historical Update (3).

It came From The Rock Report

Ok, the year 2001 edition of Statistical Abstract of the United States is out. and the update for the deficit/surplus graph looks like this:

Blue columns = The deficit(-) or surplus(+),
Red columns = The increase/Reduction in the Debt (per year).

It’s difficult to see on this graph, but according to this data the Debt has gone DOWN by four Billion dollars in fiscal 2001. I really didn’t think they had it in them.
However, before we get too excited let me remind you that the year 2001 data in this chart is estimated.
You will note the difference in the year 2000 values in this chart from the chart above it. They are radically different. We’ll have to wait another year for the 2001 numbers to firm up.
However, let's operate on what we have.
The firm values on year 2000 show the smallest borrowing in many decades. And let's assume that the year 2001 values are accurate. With one year of minimum borrowing and a 4 billion reduction on the debt, can we now expect to see any indications of my logical conclusions being either correct or, way off base?

Answer: Yes.

With little or no borrowed money to simulate the economy, Our economy takes a dive shortly after the end of fiscal year 2000.

And now, with talk of returning to a 100 billion Defect in the 2002 fiscal year, the Economy recovers.

Both actions, Exactly as predicted by my off the wall conclusions.

So, should I now take a couple of victory laps? I don’t think so. As I stated in one of the reports, the system is too complex, too convoluted, to validate a conclusion with only one sample. There are just too many variables. However, maybe just one victory lap can't hurt.

What the future holds:

The debt will go up again.
Eventually, they will try again to balance it.
When they do the economy will tank again.
They will return to high defects in order to fix it.

And this cycle will repeat until the system crashes.

Rock

P. S. Even if the 2001 debt reduction holds true, don’t be too impressed with it, for reasons, I mean other than the above, it is only a temporary fix that will not last. I will explain why that is in a future report.

Rock.