Boomers en schuld ...
Het totaalbedrag dat er nu uitstaat aan effectenkrediet is op een absoluut record, namelijk op 317,99 miljard dollar.
Obligatiehandelaren hebben nu 1330 miljard dollar geleend, tegen 330 miljard in 2000.
Perspectief cijfers 2006:
US assets $ 1 ,496.5
liabilities $ 1 0,412.9
Netto $ (8,916.4)
Outstanding Revenue Growth Narrows the Gap between Costs and Revenues
As shown in Table 2, 2006 marked the third
consecutive fiscal year of substantial revenue
growth. A combination of solid economic growth
and improved corporate tax yields have
contributed to revenue growth of over 35% since
2003. In 2006, revenues grew to $2,440.8 billion
establishing a new record high. Nearly $600
billion in increased cash was collected over the last three years over the $1.8 trillion base level of 2003 (an average
of nearly $200 billion per year). This has contributed to a reduction of both the budget deficit and net operating cost.
Costs Decline Slightly
Costs decreased to $3,127.7 billion from 2005’s level of $3,174.6 billion. This is mostly made up of two
contrasting items: (1) an inflationary and programmatic increase in outlays of $182 billion; and (2) a $242.5 billion
reduction in actuarial costs from last year’s record level of $429.7 billion to $187.2 billion in 2006, offsetting the spending increase.
Comparing Current Net Liabilities to Future Social Insurance Responsibilities
Combined Net Liabilities (current) and Social
Insurance Responsibilities (future) $ (53,063.0)billion
Since these estimates are not liabilities, and therefore do not impact either an entity’s current assets or liabilities,
they are considered ‘off-balance sheet’ items; according to Federal accounting standards. This distinction
substantially limits the comparability of the Government’s current net liabilities to future net social insurance
responsibilities. Their significance can, however, be measured in other contexts. Table 4 shows how the two
compare. Fiscal year 2006 total assets of $1,496.5 billion and total liabilities of $10,412.9 billion combine to derive
the Government’s current net liability of $8,916.4 billion. By comparison, SOSI reports net present value
expenditures of $44,147 billion in net social insurance responsibilities. 2 The net social insurance responsibilities
(scheduled benefits in excess of estimated revenues) indicate that those programs are on an unsustainable fiscal path
and difficult choices will be necessary in order to address their large and growing long-term fiscal imbalance. Delay is costly and choices
will be more difficult as the retirement of the
'baby boom' gets closer to becoming a reality
with the first wave of boomers eligible for
retirement under Social Security in 2008.
Dat is dus nog een gaatje van 53 biljoen dollar.
53.000.000.000.000