Re: Does Japan's $93 trillion monetary base include their Postal Savings Accounts?

"Christian Party" <[EMAIL PROTECTED]> wrote:
>"Bob LeChevalier" <[EMAIL PROTECTED]> wrote in message
>news:[EMAIL PROTECTED]
>> "Christian Party" <[EMAIL PROTECTED]> wrote:
>> >"Bob LeChevalier" <[EMAIL PROTECTED]> wrote in message
>> >news:[EMAIL PROTECTED]
>> >Our savings are low only because our government spending is high--it's
>> >through the roof.  Table 450 shows that federal spending this year is
>> >expected to be $2,240 billion, and Table 416 shows that state and local
>> >government spending is expected to be $1,910 billion, for a total of $4,150
>> >billion.
>>
>> You can't add the two, since much of the Federal expenditure is income
>> into the states.
>
>You're not paying attention.  Table 416 shows which part of state and local
>revenues come from the federal government, and this $270 billion was already
>subtracted from the calculations. 

Nope.  State and local revenues were only 1,523 billion in that table,
and the total wasn't 1,910 billion in any event.

>This calculation doesn't count federal >expenditures twice.

Who knows how YOU got the numbers.  Most likely from your strange
orifice.


>> Same calculation for Japan using their 2002 budget
>> http://www.stat.go.jp/english/data/handbook/c17cont.htm#cha17_4
>>
>> Table 17-5
>> If you add their general and special expenditures and those of
>> government-related  organizations, and don't eliminate duplication (as
>> you didn't above), you add 81,230 billion yen, 382,664 billion yen,
>> and 6,581 billion yen for a total of 470,405 billion yen, or around $4
>> trillion.  This is not counting the local government  Table 17-10
>> (which also substantial in overlap) of over 100,000 billion yen (exact
>> numbers not given for 2002)

>All available references show that General Government Operations in Japan
>had a $319 billion surplus in 2000 (Revenues of 189,797 billion yen minus
>expenditures of 155,685 billion yen  = 34,110 billion yen surplus)

Look at the page I cited above, idiot.  Japan counts their bond sales
(borrowing) in the revenue column. Table 17-7: The 81 trillion yen
revenue in the general account include 30 trillion yen of bonds
(borrowing).  Figure 17-7: the gross debt of the general government is
150% of GDP. Table 17-10  Local government bonds (deficit financing)
is 11% of local government spending.

>Since we now know that Japan's GDP is UP, rather than down, and that
>corporate bankruptcies hit an all time low

Nope.  Near record high last year.
http://news.bbc.co.uk/2/hi/business/2675847.stm

Since then bankruptcies have dropped but are still high
http://pacific.bizjournals.com/pacific/stories/2003/10/13/daily30.html

>> Table 17-5
>> If you add their general and special expenditures and those of
>> government-related  organizations, and don't eliminate duplication (as
>> you didn't above), you add 81,230 billion yen, 382,664 billion yen,
>> and 6,581 billion yen for a total of 470,405 billion yen, or around $4
>> trillion.  This is not counting the local government  Table 17-10
>> (which also substantial in overlap) of over 100,000 billion yen (exact
>> numbers not given for 2002)
>
>Household surveys like this have some amount of statistical error, but it's
>impossible for the error to be that much.  If total of living expenditures,
>local taxes, sales taxes, and federal taxes are less than $2.6 trillion,
>then it's impossible for their taxes alone to be $1.4 trillion higher.

Well, you are forgetting corporation taxes, but the whole point is
that there IS a gap between taxes and expenditures.  It is large.
Japan has a HUGE government deficit.  Look again at Figure 17.8 in:

http://www.stat.go.jp/english/data/handbook/c17cont.htm#cha17_4

lojbab
-- 
lojbab                                             [EMAIL PROTECTED]
Bob LeChevalier, Founder, The Logical Language Group
(Opinions are my own; I do not speak for the organization.)
Artificial language Loglan/Lojban:                 http://www.lojban.org