> From: Jay Hecht <[EMAIL PROTECTED]>
> If the S&L costs were counted as an "on line" current budget expenditure how
> much greater would be the deficit?
Desposit insurance is a net revenue raiser now.
The numbers for 1996 through 1999, respectively,
are 8, 12, 4, 3, and 1 billion. For 2000 and after,
the levels remain at $1 billion.
> Similarly, taking the Soc Sec surplus off the revenue side would imply a
> larger current budget deficit?
For FY1997, instead of a $22 billion deficit, it would
have been $103 billion, thus the cash surplus to the
OASDI trust fund was $81 billion.
For FY1998, the deficit is $5 billion and the cash
surplus in OASDI is $100 billion.
> Any estimates how large the 1997 deficit would be?
In the grand scheme of things (GDP of $8,461 billion
projected for FY1998), a dollar or a hundred billion
dollars don't amount to a hill of beans.
For the next ten years, by the new projections, the deficit
is dead as a doornail. It'll take some getting used to.
The latest numbers can be downloaded from the web
site of the Congressional Budget Office. If you want
even more optimistic numbers, go to the Office of
Management and Budget.
Cheers,
MBS
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Max B. Sawicky Economic Policy Institute
[EMAIL PROTECTED] 1660 L Street, NW
202-775-8810 (voice) Ste. 1200
202-775-0819 (fax) Washington, DC 20036
http://tap.epn.org/sawicky
Opinions above do not necessarily reflect the views
of anyone associated with the Economic Policy
Institute other than this writer.
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