National Deficit for 2014 was over $1 Trillion per US Treasury Dept. conflicts with Obama's story

[workingclasshero]

Originally Posted by Hadoken

Indeed. The Budget deficit isn't even measured by the Treasury, it's measured by the CBO - and they state that the FY2014 budget deficit is exactly as everyone reported.

ah...but you are falling for the spin

BUDGET deficit is an ESTIMATE

for example Clinton/newt passed a balanced budget which gave an ESTIMATED surplus....based on estimated revenue and estimated spending....in the end when all the pennies were counted...no surplus..a deficit...they SPENT MORE than the actual revenue

another example...easier example..... you make 75k and have a take home after taxes of 60k...you write a household budget covering everything, and PROJECT spending to be 57k...........BUT.....

the washer and dryer break,, and the transmission of your car falls out..... you end up spending 5k getting everything fixed/replaced...

you NOW don't have a surplus anymore.... you have a 2k deficit adding to your debt

fy14 of obamas budget was ESTIMATED to be about 500B deficit...... but we SPENT more than that estimate.... the ACTUAL deficit for that fiscal year was in fact 1.1 trillion...

[workingclasshero]

Originally Posted by tickyul

The year-over-year deficits are not the real problem.....just a symptom of the sickness and dreamworld that the USA is allowed to live in.

If needed, the USA could print/electronically-allocate 20 trillion dollars, in the blink of an eye. Well, maybe not the blink of an eye.....but pretty darn quick.

well...not quite

the treasury could REQUEST through the foreign owned FED to produce the money..then the FED would LOAN us the money (plus interest)