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Old 10-25-2014, 05:43 PM
 
26,346 posts, read 14,957,649 times
Reputation: 14523

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Official US Treasury website:
http://www.treasurydirect.gov/NP/deb...1&endYear=2014


The national budget is calculated on a Fiscal Year from October 1st to September 30th.

Our National Debt was $16,747,478,675,335.18 on October 1st of 2013.

Our National Debt was $17,875,258,091,207.08 on October 1st of 2014.

The national debt rose over $1.1 Trillion for the Fiscal Year of 2014 - per the US Treasury Department.


The notion that our annual deficit has fallen to $483 Billion is not reflected in the US Treasury Department's official numbers. So what gives?

Barack "self-proclaimed most transparent president ever" Obama is taking advantage of accounting gimmicks - back shift some to Fiscal Year 2013, front shift some to 2015, etc...to distort the numbers. Obama is deceiving those that thump their chests over a falling deficit.

If the US Deficit is
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Old 10-25-2014, 05:49 PM
 
8,061 posts, read 4,873,772 times
Reputation: 2460
Default Did we expect a positive change?

Quote:
Originally Posted by michiganmoon View Post
Official US Treasury website:
http://www.treasurydirect.gov/NP/deb...1&endYear=2014


The national budget is calculated on a Fiscal Year from October 1st to September 30th.

Our National Debt was $16,747,478,675,335.18 on October 1st of 2013.

Our National Debt was $17,875,258,091,207.08 on October 1st of 2014.

The national debt rose over $1.1 Trillion for the Fiscal Year of 2014 - per the US Treasury Department.


The notion that our annual deficit has fallen to $483 Billion is not reflected in the US Treasury Department's official numbers. So what gives?

Barack "self-proclaimed most transparent president ever" Obama is taking advantage of accounting gimmicks - back shift some to Fiscal Year 2013, front shift some to 2015, etc...to distort the numbers. Obama is deceiving those that thump their chests over a falling deficit.

If the US Deficit is
The thing that is amazing is Obama does no have the Iraq expense like GW. Obama keeps on adding entitlement programs and more departments in the US Gov.

Any Democrat that is running for office or trying to keep his or her job has a lot of explaining to do to the American People.
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Old 10-25-2014, 05:57 PM
 
26,346 posts, read 14,957,649 times
Reputation: 14523
My question is, do Obama supporters care that the national debt increased over $1.1 Trillion per the US Treasury Dept for the 2014 Fiscal Year, while Obama disingenuously pretends it was less than half that?

Answer, they don't care and it encourages Obama to distort more. They don't mind repeating distortions if it helps Obama.
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Old 10-25-2014, 06:26 PM
 
Location: Central Ohio
10,823 posts, read 14,900,285 times
Reputation: 16537
Kind of reminds me how the left trumpets how the budget was balanced in any of the Clinton years.

Short answer, it wasn't. It's a lie.

If Clinton balanced the budget why did the national debt go up every year all through the Clinton presidency according to the US Treasury?

It's like Global Warming in that there are still democrats out there convinced Clinton balanced the budget.
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Old 10-25-2014, 07:03 PM
 
26,346 posts, read 14,957,649 times
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If Obama wasn't doing QE trickle down economics to lower the interest rates - and interest rates were at recent historic norms, then the national deficit would be around $1.6 Trillion as opposed to the $1.1 Trillion that it was.
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Old 10-25-2014, 07:32 PM
 
Location: Pine Grove,AL
29,471 posts, read 16,449,350 times
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Quote:
Originally Posted by nicet4 View Post
Kind of reminds me how the left trumpets how the budget was balanced in any of the Clinton years.

I didnt know Newt Gingrich was a Democrat ????



anyways Debt, functional Deficit , and budget deficit arent one in the same.

most of use know that,not you or the OP, but most of US.
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Old 10-25-2014, 07:34 PM
 
26,346 posts, read 14,957,649 times
Reputation: 14523
Quote:
Originally Posted by dsjj251 View Post
I didnt know Newt Gingrich was a Democrat ????



anyways Debt, functional Deficit , and budget deficit arent one in the same.

most of use know that,not you or the OP, but most of US.
Fact - expenses that happened in 2014 are being attributed to different years.

The REAL budget deficit was $1.1 Trillion, as the national debt rose by $1.1 Trillion in 2014. It is a distortion to act like it is less than half that number.
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Old 10-25-2014, 07:36 PM
 
Location: Ohio
24,623 posts, read 19,108,889 times
Reputation: 21738
Quote:
Originally Posted by michiganmoon View Post
The notion that our annual deficit has fallen to $483 Billion is not reflected in the US Treasury Department's official numbers. So what gives?
It's probably the FICA/HI tax game.

What they do is add Social Security and Medicare payroll tax revenues to the revenues of the general fund.

JANUARY 2011 BUDGET AND ECONOMIC OUTLOOK: HISTORICAL BUDGET DATA 3 CBO
Table E-2.
Revenues by Major Source, 1970 to 2009, in Billions of Dollars

1999
Individual Taxes 879.5
Corporate Taxes 184.7
OASI/DI/HI 611.8
Excise Taxes 70.4
Estate Taxes 27.8
Customs 18.3
Miscellaneous 34.9
Total 1,827.50


Since outlays for 1999 (same source) are 1701.8, we have

1827.50
1701.80
--------
125.7 Surplus

Right?

No, it's

+1827.5
-611.8
-1707.8
---------
-492.1 Deficit

Notationally....

Mircea
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Old 10-25-2014, 08:12 PM
 
Location: Palo Alto
12,149 posts, read 8,401,836 times
Reputation: 4190
97% of liberal accountants agree so it must be settled!
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Old 10-25-2014, 08:27 PM
 
Location: Pine Grove,AL
29,471 posts, read 16,449,350 times
Reputation: 5975
Quote:
Originally Posted by michiganmoon View Post
Fact - expenses that happened in 2014 are being attributed to different years.

The REAL budget deficit was $1.1 Trillion, as the national debt rose by $1.1 Trillion in 2014. It is a distortion to act like it is less than half that number.

of course they are attributed for different years as the budget of the United States runs from October to September. You have already stated such yourself.

And no, it wasnt the "real" budget deficit, you are redefining the very definition of budget to say so.

Its a functional deficit.

if you want to , i can go dig up my old Business Stats text book and give you a 2 page long definition and a comparison and contrast of the two.
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