From: "Robert G Lewis" 

How do you define the National income ?

What is the current percentage of the US Government Deficit of that income
and what is the historical ratio?

Bob Lewis


"Ellen K."  wrote
in message news:7827r0td9kva96244pfgklpi9gq6oasf6g{at}4ax.com...
> GDP is not the sum of every taxpayer's total income.
>
> On Sun, 5 Dec 2004 12:13:00 -0500, "Geo"
 wrote in
> message :
>
>>"Ellen K."
 wrote in message
>>news:o2j5r0lf78c05hrjjgsnpqf08rthbriigp{at}4ax.com...
>>> You are mixing apples and oranges.
>>>
>>> We are talking about the size of the national debt in order to assess
>>> whether the government is borrowing responsibly or irresponsibly.  The
>>> amount of private debt is irrelevant to this question.
>>
>>Yes but in order to judge it you must assess it against the amount of
>>income
>>the government has in order to determine the debt/income ratio. If you
>>insist on considering every taxpayer's total income instead of just their
>>tax amount then you must also include the taxpayers debt since that too is
>>to be paid from a taxpayer's income.
>>
>>Geo.
>>
>

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