Posted on 01/21/2015 10:38:19 AM PST by Lorianne
I don't like this sort of horsecrap.
The federal budget deficit slid to $483 billion in fiscal year 2014, down from $680 billion in 2013 and more than $1 trillion each of the prior four years. Higher tax revenue, economic growth and caps on government spending all contributed to the shrinking budget gap.
It did?
09/30/2013 11,976,279,236,073.83 4,761,904,290,623.49 16,738,183,526,697.32
On 9/30/2013 there was $16,738 billion in federal debt.
09/30/2014 12,784,971,238,978.02 5,039,100,141,755.80 17,824,071,380,733.82
On 9/30/2014, the end of last fiscal year, there was $17,824 billion of federal debt.
The net increase is $1,086 billion, or $1.086 trillion dollars, not $483 billion.
(Excerpt) Read more at market-ticker.org ...
| Date | Debt Held by the Public | Intragovernmental Holdings | Total Public Debt Outstanding |
|---|---|---|---|
| 09/27/2014 | 12,784,971,238,978.02 | 5,039,100,141,755.80 | 17,824,071,380,733.82 |
| 09/27/2013 | 11,967,508,057,617.56 | 4,770,925,413,018.05 | 16,738,433,470,635.61 |
Thanks, I didn’t know how to do that.
Awww... What’s $603 Billion among friends? Give the poor guy a break you racisss.
| Date | Debt Held by the Public | Intragovernmental Holdings | Total Public Debt Outstanding |
| 09/27/2014 | 12,784,971,238,978.02 | 5,039,100,141,755.80 | 17,824,071,380,733.82 |
| 09/27/2013 | 11,967,508,057,617.56 | 4,770,925,413,018.05 | 16,738,433,470,635.61 |
Thanks for posting!
Actually what you quoted from article is the DEFICIT not the debt.
and to any intelligent person just shrinking the deficit by a few hundred billion is not cause for celebration since as you correctly point out the net deficit is still adding a trillion to our debt.
BO is a fool to tout the lower deficit as an accomplishment.
But..but... he's dropping the rate of increase (acceleration) in the debt!
It says deficit in the title of the article and the article is about the deficit (and claims being made about it).
Yes exactly I said the article is about the deficit and it is about the DEFICIT but your graph shows the DEBT.
The deficit is the difference between the budget and what the gov’t revenues are.
But THE Debt is the accumulation of all the deficits added together PLUS even more.
So the article is correct the deficit shrunk by the 400 or so billion, That only means we lost less money that estimated.
Yet You are also right, Our debt for the fiscal year 2013 IS over a trillion.
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