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The US Deficit Almost Completely Disappeared In December
TBI ^
| 1-11-2013
| Sam Ro
Posted on 01/11/2013 11:55:59 AM PST by blam
click here to read article
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1
posted on
01/11/2013 11:56:05 AM PST
by
blam
To: blam
Estimated tax payments for realized capital gains decisions made in advance of new taxes.
2
posted on
01/11/2013 11:58:39 AM PST
by
Paladin2
To: blam
3
posted on
01/11/2013 11:58:50 AM PST
by
blam
To: blam
I guess this is the new meme they are trying out: “There is no deficit...and even if there is, it doesn’t matter.”
4
posted on
01/11/2013 12:03:08 PM PST
by
Mr. Jeeves
(CTRL-GALT-DELETE)
To: blam
Haven’t thought it through yet but I’d bet corporations reacting to anticipated 2013 tax increases had something to with this.
5
posted on
01/11/2013 12:04:06 PM PST
by
skeeter
To: blam
6
posted on
01/11/2013 12:06:25 PM PST
by
Wisconsinlady
(The 2nd amendment is NOT about hunting-but protection from a tyrannical govt)
To: blam
The Business Insider again. LOL!
7
posted on
01/11/2013 12:08:58 PM PST
by
FlingWingFlyer
(Impeach Obama Now.)
To: Wisconsinlady
It’s likely all accounting tricks.
(Just like Clinton’s ‘surplus’ didn’t exist.)
8
posted on
01/11/2013 12:10:08 PM PST
by
OneWingedShark
(Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
To: blam
I almost won the lottery!
9
posted on
01/11/2013 12:11:08 PM PST
by
Revolting cat!
(Bad things are wrong! Ice cream is delicious!)
To: Wisconsinlady
I guess spending $200M more than you received is considered good now...
10
posted on
01/11/2013 12:19:51 PM PST
by
ltc8k6
To: Paladin2
Estimated tax payments for realized capital gains decisions made in advance of new taxes. Just like the four years of Clinton's "surpluses" that coincided with the four years that people could pay the taxes on money they rolled over from conventional IRAs to Roth IRAs.
11
posted on
01/11/2013 12:26:45 PM PST
by
E. Pluribus Unum
(TYRANNY: When the people fear the politicians. LIBERTY: When the politicians fear the people.)
To: Mr. Jeeves
“deficits don’t matter” - Dick Cheney.
12
posted on
01/11/2013 12:29:28 PM PST
by
Homer1
To: ltc8k6
13
posted on
01/11/2013 12:36:14 PM PST
by
Wisconsinlady
(The 2nd amendment is NOT about hunting-but protection from a tyrannical govt)
To: blam
I don’t understand how the deficit could “disappear” when we have trillions of dollars in debt. I’d be grateful for a logical explanation.
To: blam
On November 30, 2012 the national debt was $16,369,548,799,604.93.
On December 31, 2012 the national debt was $16,432,730,050,569.12.
It appears this was mostly due to accruing additional interest debt.
Perhaps the reason for this stasis is that Treasury was manipulating payments to keep from exceeding the debt limit. Perhaps we will have a spike once the debt ceiling is increased.
15
posted on
01/11/2013 12:57:01 PM PST
by
kabar
To: Wisconsinlady
Yeah, at $260M behind each month, you’d only be $3.12B behind after a year...
Peanuts...
16
posted on
01/11/2013 12:58:59 PM PST
by
ltc8k6
To: Roses0508
I dont understand how the deficit could disappear when we have trillions of dollars in debt. Id be grateful for a logical explanation.The deficit is the month-to-month difference between intake and spending. The debt is the summation of each month's deficits since the beginning of time.
17
posted on
01/11/2013 1:04:12 PM PST
by
Fresh Wind
(The last remnants of the Old Republic have been swept away.)
To: blam
We don’t have to raise the debt ceiling after all. WE ARE SAVED.
Just more B.S. accounting tricks.
18
posted on
01/11/2013 1:10:30 PM PST
by
Revel
To: ltc8k6
I agree with you, but it’s still 75% reduced from last year.
And to another poster, there is likely BS baked in the numbers, but as to the debt ceiling debate, that BS is certainly good news.
To: Paladin2
Bingo...any ‘expert’ analyst should be able to figure that out.
20
posted on
01/11/2013 1:46:47 PM PST
by
lacrew
(Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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