Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: expat_panama
but 2015 still isn't done yet, that's why we can make up what ever number we want.

Doesn't the fiscal year for the US run from 10/1 to 9/30?

17 posted on 12/24/2015 10:35:02 AM PST by Go Gordon (Barack McGreevey Obama)
[ Post Reply | Private Reply | To 7 | View Replies ]


To: Go Gordon
...2015 still isn't done yet...

  ...the fiscal year for the US run from 10/1 to 9/30?

Huh.  So the idea could be that they got their deficit/GDP numbers using a kind of Fiscal GDP that had 2015 be the average GDP rates for '14Q4 thru '15Q3. 

However what the article actually says is that "the deficit for fiscal 2015 is the lowest since 2007".  What that means is that the FY 2015 deficit is better than since 2007 and it's still worse than it was in 2007 --which was right before the Crisis.   The title's wrong to say "Lower than Before" because that contradicts what the article says.

21 posted on 12/24/2015 11:40:47 AM PST by expat_panama
[ Post Reply | Private Reply | To 17 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson