Posted on 02/04/2014 9:42:18 AM PST by ColdOne
That's worth celebrating < /sarc>
Half a trillion seems like such a small number anymore.
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!!
And one crappy GDP quarterly report from a recession. Not that Obamas Brown Shirts will allow the true GDP to be reported come July.
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