US deficit to drop to $514B, lowest of Obama years

cnsnews.com ^ | 2/4/14 | ANDREW TAYLOR,Ap

[dartuser]

hurray ... we're only spending a half trillon more than we take in ...

That's worth celebrating < /sarc>

[lurk]

Half a trillion seems like such a small number anymore.

[Vineyard]

The FY 2013 “deficit” is $680 Billion ONLY if you do some interesting budget accounting.

The debt ceiling was reached in May 2013, and all borrowing thereafter was ‘under the table’ - In May 2013, the FY2013 deficit was about $670 Billion.

USE THIS WEB SITE: http://www.treasurydirect.gov/NP/debt/current

Select date of 11/08/2013 – total public debt outstanding is $17,151.627 Billion

Input the date in the field below the current day debt….and select several dates to see what changed -
OCT 15, 2013 $16,747.370 Billion
OCT 16, 2013 $16,747.360 Billion
OCT 17, 2013 $17,075.590 Billion
OCT 18, 2013 $17,074.260 Billion

Between Oct 16 & 17 – the debt jumped up $328.23 Billion in ONE DAY.

NOTE – go back to May 16, 2013 – the debt was $16,734.808 Billion …..so consider that in 5 months, with the debt precariously close to the debt ceiling of $16,394 Billion, the debt appears to increase less than $14 Billion …but then in 1 day – it jumps up $328 Billion. If that $328 Billion was spread out over the 5 months…then the fiscal year end deficit would have exceeded $1 Trillion for FY 2013, and Obama would go down as having 5 years in a row of deficits greater than $1 Trillion, and the lies about how he has markedly shrunk the deficit, year after year –would be clearly disproved.

SO - here is the thing - if FY 13 had a deficit of $680 Billion - in late October - during the start of FY 14, they added about $328 Billion...so how will they keep from adding less than $172 Billion for the rest of the year - when they are ‘printing’ about $65 Billion to $85 Billion PER MONTH during FY 14? CORRUPT ACCOUNTING!!

[DAC21]

And one crappy GDP quarterly report from a recession. Not that Obamas Brown Shirts will allow the true GDP to be reported come July.