Don't you belive it.
This is under the department of figures never lie, but liars always figure. The increase in the public debt between June 30, 2004 and June 30, 2005 is: 562 billion
Total Public Debt outstanding:
2005: 7,836,496 million
2004: 7,274,335 million
2004:
http://www.publicdebt.treas.gov/opd/opds062004.htm
2005: http://www.publicdebt.treas.gov/opd/opds062005.htm
The difference between the 562 billion actually borrowed, and the 251 billion debt listed or admitted, is that half the debt, including the Iraq war is 'off the books' which means the President and the Congress do not have to account for that borrowing. Our kids will.
BJ Clinton did the same trick for the year that he claimed a balanced budget. Sure the budget was balanced, by borrowing money 'off the books'.
Creative accounting. We sent the bozos from Enron to jail for less. Far less.
Uh, no... This is reporting 3/4ths of a year, and you are calling it a lie because its figures are smaller than your fill-year figures. The actual distortion caused by social security, etc. is about 1/2 what you are calling it, but still huge.
I seem to have an IDTenT problem (ID10T)
Sorry. Let's try again.
The debt at the end of the last fiscal year was:
7,379,053 million dollars on 9/30/04.
The debt at the end of June, nine months later was:
7,836,496 million dollars.
So, the increase in the public debt was 457,443 million dollars. 457 billion dollars. Still a far cry above the 251 billion dollars which are acknowledged.
June 2005 public debt outstanding:
http://www.publicdebt.treas.gov/opd/opds062005.htm
September 30, 2004 public debt outstanding:
http://www.publicdebt.treas.gov/opd/opds092004.htm
(Again, sorry about the first post with the year difference in numbers instead of the nine month difference)
This is not good, and not conservative.