National Deficit for 2014 was over $1 Trillion per US Treasury Dept. conflicts with Obama's story (Iraq, global warming)
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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.
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.
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.
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.
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.
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.
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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