Taxes and the Economy

Information about Taxes, Government Spending and the Economy 

 

Article Index

What Is A Christian Nation

Biblical References in Give Me Liberty Speech by Patrick Henry

HISTORICAL RECORD: Winter Months Grazing for Sheep in Bethlehem area

Fox News December 24, 2013: Too cold for shepherds in December

The Real Lincoln - Despot

Is the Constitution Really Inimical To States Rights? - Part Fourteen

MYTH: Too cold for shepherds to Tend Flocks in December - Part 2

Gun Control Coming to the Senate Floor on Monday

74th Anniversary of 'Gone with the Wind' premiere

The First Thanksgiving Day - flyer

The Death of Jefferson Davis - December 6 1889

Marietta Daily Journal - on The First Thanksgiving

Demonstration against Lindsey Graham & Southern demographic displacement

MYTH: Too Cold For Shepherds in December

December 4 was First Thanksgiving, in Virginia, not Plymouth

Next League Demonstrations Against Southern Demographic Displacement

Federal Government Propaganda Machine

What is wrong with Thumping the Bible?

Drones for our protection. For those who will believe anything!

Southern Independence: Antidote to Tyranny

Trade Deficit: 2007 Annual report
by Mike Crane

"No matter how big the cookie and how small the bites, eventually you run out of cookie."

The December 2007 Trade statistics were released on February and remain at a very high and unacceptable level.  This completes the Trade Deficit statistics for the calendar year 2007 and the total Trade Deficit was: $711.6 billion.

Month

2001 S urplus
 (Deficit)
2002 S urplus
 (Deficit)
2003 S urplus
 (Deficit)
2004 S urplus
 (Deficit)
2005 Surplus
(Deficit)
2006 Surplus
(Deficit)
2007 Surplus
(Deficit)
January (35.2) (29.6) (41.4) (43.1) (58.3) (68.5) (59.1)
February (29.4) (32.6) (40.4) (42.1) (61.0) (65.7) (58.4)
March (32.7) (31.5) (43.7) (46.0) (55.0) (62.0) (63.9)
April (31.5) (34.0) (42.5) (48.3) (57.0) (63.4) (58.5)
May (28.0) (34.0) (40.8) (46.0) (55.3) (63.8) (60.0)
June (29.5) (35.4) (40.0) (55.8) (58.8) (64.8) (58.1)
July (30.1) (34.1) (40.8) (50.1) (57.9) (68.0) (59.2)
August (28.4) (36.2) (40.2) (53.5) (59.0) (69.9) (57.6)
September (30.8) (36.6) (41.3) (51.6) (66.1) (64.3) (56.5)
October (30.8) (35.0) (41.5) (55.5) (68.9) (58.9) (57.9)
November (29.7) (39.7) (40.0) (60.3) (64.2) (58.2) (63.1)
 December (26.6) (43.2) (44.0) (56.4) (65.7) (62.1) (58.8)

The chart at the right is taken - month by month - from the U.S. Bureau of Economic Analysis monthly press releases. These are just the numbers reported by the government. A copy and link to the most recent BEA press release is always at the bottom of the page.

This remains a track record of failed economic policies, which apparently are continuing unabated.

Excluding Petroleum Products

Month

2007 Surplus
(Deficit)
January (40.9)
February (45.6)
March (45.8)
April (45.9)
May (42.7)
June (42.3)
July (41.8)
August (40.2)
September (39.6)
October (38.5)
November (40.6)
 December (34.8)

Since many of our new age rocket scientists called - economists - blame our Trade Deficit on petroleum products, I have started the chart on the left. This shows the month by month trade position excluding all petroleum products.

Even if we did not import a single barrel of oil, our trade deficit would be roughly $500,000,0000,000.00 dollars a year! For 2007 it was $496.796,000,000.

The song remains the same, month after month. Your elected officials try to spin the problem to make you believe that the problem is primarily due to oil. Or the trade deficit drops from $800,000,000,000.00 per year to ONLY $700,000,000,000.00 per year and they jump with joy.

The reason for the spin should be obvious - it is easier to blame the lunatic in Venezuela and Arabs than to admit that the problem is our failed economic policies. Or to pretend that the problem is going away.

Last month we focused on the demise of our international trade position in Advanced Technology. This month will go ahead and present the government's own numbers for Advanced Technology for the whole year.

Cumulative Debt

Now a brief look at what the impact of year after year of our failed economic policies are: Take a look at the chart on the right. This is a graph, using the governments own numbers of the long term total of our Trade Deficits since 1985.

That is a debt total of over $7,000,000,000,000.00 - 7 Trillion Dollars. That is $7 Trillion dollars of wealth accumulated not by you, your family or grandchildren, but by multi-national corporations and foreigners.

Is it any surprise that special interests are willing to invest millions of dollars in the campaigns of their chosen candidates?

Is this what you vote for on election day?

Whether the answer is yes or no, it is what you have been getting for the last few decades from BOTH the Republicans and Democrats.

How much debt in your grandchildren's name are you willing to accept? If you are OK with $7 Trillion, is $10 Trillion also OK? If so you will have it in another 4 years.

Advanced Technology

Lets start on this topic by repeating a simple question from last month.

Does our country sell more advanced technology products to other countries than our country buys from other countries?

Most Americans would answer - "YES - of course we sell more than we buy. Our country is the technology leader of the world!"

The FACTS (those things that your elected officials seem to ignore) are dismal. Once again using the governments own figures, publicly published every month (link below) the story is one of failed economic policies. (Source: http://www.bea.gov/newsreleases/international/trade/2008/xls/trad1207.xls Exhibit 16)

Full Year Balance Exports Imports
2006 -38,053 252,708 290,761
2007 -53,485 273,444 326,929

The table above was copied directly from the BEA public press release, the only change I made was to add the Year column to make it more readable. It is in millions of dollars.

So from these figures it is obvious that our country is now buying more advanced technology products from other countries than they are buying from us. From January, 2007 through December, 2007 over 50 Billion dollars more!

More than any other statistic, in my opinion, this demonstrates the extent to which our economic policies have strayed from sanity. In our technology based society where people stand in line to get the latest widget we are becoming dependant on foreign sources.

No that is an understatement, we are dependent on foreign sources and becoming more so every year.

Just as it is virtually impossible to find a Television made in our country today, if this trend continues the same will be true for product after product.

The now empty and vacant facilities that used to produce these products in our country do not employ very many people.

  • You can sit in the parking lot of a vacant facility at shift change time and you do not see many employees leaving or coming to work

  • You can sit in the parking lot of a vacant facility and you do not see many trucks leaving to take products to market.

However in some foreign country, the story is different:

  • At shift change time you will see a lot of employees both coming and leaving, and on certain days they will have paychecks, paid indirectly by you!

  • Sitting in the parking lot you will see trucks leaving - loaded with products.

  • Soon you will be able to follow these trucks to a port where they will be loaded on a ship to a Mexican port and then transferred to a Mexican truck which will roar through our country on the NAFTA Super Corridor (paid for by you) to an "inland port" (paid for by you) and then to your local store.

The various multi-national corporations will be happy, it is an ideal world for them. "Cheap labor" all the way around. Tax payer supplied transportation infrastructure. Slowly but surely, the wealth built up by our previous generations will be sucked into these corporations coffers. Then when the day comes in our country to pay the piper for years of fiscal and economic failure - they will just move their HQ to a foreign country and use your grandchildren for their cheap labor.

In the meantime, all they have to do is funnel a couple percentage points of their profits into campaign accounts to keep their gravy train running.

They know that our political system is broken. They know that the virtual monopoly of a very limited two party system minimizes competition. They know that with minimal competition special interest money can prevail.

An so, month after month, year after year, election after election, nothing changes. Just take a minute and look at the chart at the top.

Do you believe that our country can run such large trade deficits forever?

If that concerns you, consider helping us get these subjects into today's political debate. Nothing will change until you - the citizens - decide that the time has come to make a change. Meanwhile the greedy and powerful will just continue profiteering off of your grandchildren's future.

If you are ready to begin demanding "sane" economic polices consider forwarding this page or previous months articles to other folks who you believe are also concerned. If this distribution list doubled every month, we could make a real difference in the 2010 elections and could cause a buzz in this years elections.

Or you can continue sending the same folks back and get more of the same.

This is not the Republicans' country. This is not the Democrats' country. This is not the Southern Partys' country. It is your country, it will be your childrens' and grandchildrens' country.

Your country is run by the 492,000 elected officials that YOU elect. If you want better economic policies you are going to have to elect people who will represent you and not represent special interests.

" Nobody made a greater mistake than he who did nothing
because he could only do a little.
"
Edmund Burke (1729 - 1797)

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U.S. Census Bureau
U.S. Bureau of Economic Analysis
NEWS
U.S. Department of Commerce � Washington, D.C. 20230

CB07-174
BEA07-55
FT-900 (07-10)

For information on goods contact:
U.S. Census Bureau:
Nick Orsini   301-763-6959
Maria Iseman  301-763-2311

For information on services contact:
U.S. Bureau of Economic Analysis:
Technical: Christopher Bach  202-606-9545
Media:     Ralph Stewart     202-606-2649
 

U.S. Census Bureau
U.S. Bureau of Economic Analysis
NEWS
U.S. Department of Commerce * Washington, DC 20230

 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
December 2007

Goods and Services

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the
Department of Commerce, announced today that total December exports of $144.3
billion and imports of $203.1 billion resulted in a goods and services deficit
of $58.8 billion , down from $63.1 billion in November, revised.  December exports
were $2.2 billion more than November exports of $142.2 billion.  December imports
were $2.2 billion less than November imports of $205.3 billion.

In December, the goods deficit decreased $4.6 billion from November to $68.2 billion,
and the services surplus decreased $0.2 billion to $9.5 billion.  Exports of goods
increased $2.3 billion to $103.1 billion, and imports of goods decreased $2.3 billion
to $171.3 billion.  Exports of services decreased $0.1 billion to $41.2 billion, and
imports of services increased $0.1 billion to $31.8 billion.

In December, the goods and services deficit was down $1.5 billion from December 2006.
Exports were up $17.2 billion, or 13.6 percent, and imports were up $15.7 billion, or
8.4 percent.

Source: http://www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm

About the author:

Mike Crane the 2nd vice chairman of the Southern Party of Georgia was a candidate for the 51st Senate District in Georgia. Despite gathering over 7,000 petition signatures in 2004 and 2006 combined - he was denied ballot access both elections.  While 70% of the Georgia State House districts and 56% of Georgia Senate districts had one candidate in November, Georgia tax dollars were used to prevent political competition.

Institute on the Constitution: http://spofga.org/build/2008/feb/institute_constitution.php

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