Hospitals & Asylums
Bureau of Economic Analysis Resolution for Fiscal
Year HA-1-1-2006
By Tony J. Sanders
Will FY 2006 be a bull or bear market? Having balanced the budget in 2005 HA resolves to entertain the dispute regarding the overestimated $12.2 trillion US GDP in 2006 by reconciling the advanced economic study of the Bureau of Economic Analysis (BEA) with the $6.4 trillion income estimates of the US Census in 2000 overshadowed by the $9 trillion public debt of the federal government so we can make progress under the 1993 System of National Accounts (SNA) or overthrow the vague regime of UN Statistics regarding the calculation of the GDP in table 2.4 by simplifying the calculation for the Gross domestic product à (Per capita income x population) + Government = GDP to harmonize the national economic administration Table with the census:
(1) Gross domestic product (GDP) at market prices = Output + taxes, less subsidies on products – intermediate consumption.
(2) Gross domestic product (GDP) at market prices = Final consumption expenditure/ actual final consumption + changes in inventories + gross fixed capital formation + acquisitions less disposals of valuables + exports of goods and services - imports of goods and services.
The
Federal
Agency Spending Limits Balancing the Budget and Debate between US GDP and GNI
|
Year |
Def |
OASI |
Rev |
Bud |
Def |
Debt |
GDP |
GNI |
|
2000 |
294.495 |
411.68 |
2,025 |
1,788 |
87 |
5,628 |
9,719 |
6,400 |
|
2001 |
305.500 |
434.06 |
1,991 |
1,860 |
-33 |
5,770 |
10,022 |
6,666 |
|
2002 |
349.555 |
440.54 |
1,853 |
2,011 |
-317 |
6,198 |
10,339 |
7,000 |
|
2003 |
388.870 |
447.81 |
1,782 |
2,157 |
-375 |
6,780 |
10,828 |
6,666 |
|
2004 |
437.116 |
457.12 |
1,880 |
2,292 |
-412 |
7,355 |
11,552 |
7,500 |
|
2005 |
444.068 |
479.89 |
2,052 |
2,479 |
-400 |
8,058 |
12,227 |
7,921 |
|
2006 |
410.092 |
507.09 |
2,177 |
2,568 |
-390 |
8,448 |
12,907 |
8,078 |
|
2007 |
423.192 |
537.85 |
2,344 |
2,656 |
-312 |
8,760 |
13,617 |
8,500 |
|
2008 |
436.437 |
568.09 |
2,507 |
2,757 |
-251 |
9,010 |
14,349 |
9,000 |
|
2009 |
460.546 |
598.95 |
2,650 |
2,882 |
-233 |
9,343 |
15,111 |
9,500 |
|
2010 |
485.112 |
635.31 |
2,821 |
3,028 |
-207 |
9,530 |
15,906 |
10,000 |
|
Pro. |
|
|
|
|
|
|
|
|
|
2006 |
300 |
385 |
2,177 |
2,338 |
-160 |
8,218 |
12,907 |
8,078 |
|
2007 |
300 |
400 |
2,344 |
2,426 |
-82 |
8,300 |
13,617 |
8,500 |
|
2008 |
300 |
420 |
2,507 |
2,473 |
33 |
8,267 |
14,349 |
9,000 |
|
2009 |
300 |
450 |
2,650 |
2,565 |
84 |
8,183 |
15,111 |
9,500 |
|
2010 |
300 |
500 |
2,821 |
2,708 |
113 |
8,070 |
15,906 |
10,000 |
To balance the federal budget under
Congress must adjust the Historic Tables
of the OMB to limit:
1. Defense spending that has
spiraled to an empty $444 and must be restrained to less than $300 billion
annually, not more than 30% of the $1 trillion world military. The
2. Social Security and Medicare must
be limited to cost estimated at only $385 in 2005 although $507 was
budgeted. The Social Security
Administration should absorb the $201
CMS Health Insurance Fund into the $1,769 and free Medicare from the DHHS and be satisfied with
the $1,970 billion this 2006 To grant
satisfaction with the approaching $2 trillion savings mark is seems like a good
idea if these Social Security Trust Funds would be patient and wait until the
federal government is turning a profit in 2008 under this plan or this 2006
with the full Congressional cooperation of all federal agencies in the
beginning of FY 2006.
3.
To begin addressing the $9,097 public debt honestly the federal government must
re-negotiate their GDP for the benefit of creditors.
2005 OASDI Trustee Report
|
|
OASI |
|
DI |
|
HI |
|
SMI |
|
Assets (end of 2003) |
$1,355.3 |
|
$175.4 |
|
$256.0 |
|
$24.0 |
|
Income during 2004 |
566.3 |
|
91.4 |
|
183.9 |
|
133.8 |
|
Outgo during 2004 |
421.0 |
|
80.6 |
|
170.6 |
|
138.3 |
|
Net increase in
assets |
145.3 |
|
10.8 |
|
13.3 |
|
-4.5 |
|
Assets (end of 2004) |
1,500.6 |
|
186.2 |
|
269.3 |
|
19. |
With profits of $146.1 billion in
2004 and $166 billion projected for 2005 the Social Security Administration
(SSA) must be held responsible for limiting the amount of social security
payroll taxes they accept, depositing surplus in the general funds of the
treasury. Whereas the OASI trust fund
tops $1.5 trillion this year it is important that the trust fund be temporarily
satisfied until the federal government balances the budget. SSA will need to
account for interest revenues and adopts a needs based policy in regards to Old
Age Insurance. The $1.5 Trillion in
savings represents enough for all the soon to be retired baby boomers to live
for two years and the economy is in little danger of instability.
|
|
|
OASI |
|
DI |
|
HI |
|
SMI |
|
Interest earnings |
|
79.0 |
|
10.0 |
|
15.0 |
|
1.5 |
The total SSA budget of $561 billion, in particular,
requires limitation to balance the solvent Trust Funds, at cost. In calculating
the amount of reduction that OASI and SSA can afford the budget one should
estimate a reasonable increase in expenditure over last year, subtract interest
earnings yielding the amount of need.
Whereas $421 billion was administrated in 2004 it can estimated that
OASI will administrate $450 billion in benefits this year. $450 – 79 = $371 therefore SSA is recommended
to limit spending to cost to encourage the national financing of community
corrections and poverty elimination programs in the
|
Year |
OASI |
Fund |
DI |
Fund |
HI |
Fund |
SMI |
Fund |
HaW |
|
2004 |
457.12 |
1,452 |
77.625 |
182.79 |
159.59 |
264.9 |
94.736 |
17.12 |
1,081 |
|
2005 |
479.89 |
1,603 |
81.472 |
192.78 |
161.36 |
274.2 |
115.23 |
18.60 |
1,271 |
|
2006 |
507.09 |
1,769 |
86.104 |
201.76 |
172.14 |
291.7 |
182.86 |
41.84 |
1,286 |
In 2004 the European
Union, with a GDP of $11.6 Trillion was the largest donor of Official
Development Assistance (ODA) with $46.5 billion, 0.4% of the GDP, it is hoped
they will pay $59 billion in 2006, 0.53%.
The EU is expected to reach 0.7% of their GDP by 2010 so as to make 1%
contribution a possibility by 2015 to fulfill the UN Millennium Development Goals
and Art. 23 of the
Declaration on Social Development and Progress of 11 December 1969 by
2015. The US government currently
pays an estimated $19 billion although another $33 billion is attributed to
private donors who are not registered with the UN, and are not considered ODA,
but should be insofar as they respect human rights and confess to the real GDP
in regards to the national share of dues to the Inter-Parliamentary Union (IPU) and the UN under Rule 160 of
the Rules of Procedure of the General Assembly of 31
December 1984.
|
Click Continent |
Population |
GDP in billion |
Per
capita |
2006 ODA |
Government |
|
Sub-Saharan |
717,020,013 |
1,216.764 |
$1,700 |
$6,439 (2003) + $25,000 (2005) =
$31,500 |
|
|
885,909,568 |
$13,324 |
$15,038 |
-$35,000 $10,000 |
||
|
737,567,222 |
14,283 |
$19,379 |
-$46,499 $13,824 |
||
|
1,783,490,718 |
$6,672 |
$3,742 |
-$359 $16,674 |
||
|
2,335,877,452 |
$16,400 |
$6,474 |
-$15,773 $25,500 |
||
|
6,446,131,400 |
$52,900 |
$8,207 |
-$97,631 $97,499 |
Health and Welfare
Tables: www.title24uscode.org/stat2005.doc
Beginning of 2005
Appropriations Bills www.title24uscode.org/balancedbudget.doc
Certificate of Service Title24uscode@aol.com . Done this 3rd Day of January 2006.
Sanders,