OBAMA’S TRUE 2013 DEFICIT

9 comments

Posted on 19th October 2013 by Administrator in Economy |Politics |Social Issues

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I’ve noticed numerous MSM mouthpiece articles with the exact same storyline – Obama’s shrinking deficits. They crow about FY13 being the lowest annual deficit of Obama’s presidency. I guess he became fiscally responsible when we weren’t looking. What the stories don’t tell is that the deficit was reduced by over $100 billion from FAKE payments by Fannie Mae and Freddie Mac to the Treasury. There was no money paid, just an accounting entry. These bloated pigs are insolvent, but through accounting gimmicks and failure to mark their mortgages to their true market value, they report billions in paper profits. They then pretend to repay the government. These are sham transactions, but our beloved government leaders know you don’t understand math or Ponzi accounting.

The MSM then must sooth the nerves of their readers by telling them that the deficit as a percentage of GDP is rapidly declining. They fail to mention that our government drones decided to “adjust” GDP up by $500 billion based on a “new” way of looking at things. So, you have a fake deficit number over a fake GDP number to get a much lower percentage. Isn’t that precious?

Earlier this week I saw that fat ass, bloviating, Long Island lawyer pretending to be an investment guru, Barry Ritholtz referencing the deficit at $550 billion and touting this number as proof that Obama and his liberal minions have achieved nirvana. I’m not sure if Ritholtz is really that stupid or just a lying bastard pushing his agenda, along with his books, newsletters, conferences, and worthless investment advice. This is a guy who was stranded for three weeks after Sandy because he was too lazy and dumb to buy a generator.

Maybe fat ass Ritholtz thinks that because the government stopped counting the daily outflow of $2.5 billion per day in May, that meant they weren’t really racking up the debt. If so, he is a bigger tool than I thought. Yesterday we got the truth. After stopping the national debt clock at $16.4 trillion back in May, the drones at Treasury unveiled our new national debt figure:

We sure can spend a lot of money when things are shutdown. The national debt jumped by $329 billion in a single day. Not bad for a days work.

The Treasury has a funky little site where you can run a report on the National Debt by day. Below is the output from September 30 of last year until today.

Let’s do a little math to figure out the true fiscally responsible Obama deficit for FY13.

The government essentially stopped counting on June 1, 2013. The national debt was $16.37 trillion on that day. There were 139 days between then and October 17. The national debt went up by $339 billion over that time frame, or $2.44 billion per day. At that rate, the national debt was really $17.035 on September 30, 2013.

This is where it gets hard for liberals and the math challenged. If the national debt was $16.066 on September 30, 2012 and $17.035 on September 30, 2013, what was the true deficit in FY13?

ANSWER: $969 BILLION

If you add back the FAKE Fannie & Freddie accounting entries, the true Obama deficit was approximately $1.1 TRILLION. That is only double the number fat ass Ritholtz was quoting.

All hail Obama and his fiscal responsibility.

The cumulative national debt from 1789 until 1982 was $1.1 TRILLION.

And people don’t think we have a spending problem?

Date Total Public   Debt Outstanding
9/28/2012 16,066,241,407,385.80
10/1/2012 16,159,487,013,300.30
10/2/2012 16,171,037,343,408.50
10/3/2012 16,153,318,273,015.00
10/4/2012 16,161,879,857,156.60
10/5/2012 16,161,866,671,342.00
10/9/2012 16,167,932,295,919.50
10/10/2012 16,157,753,419,211.10
10/11/2012 16,158,270,866,947.20
10/12/2012 16,157,542,962,383.10
10/15/2012 16,190,979,268,766.60
10/16/2012 16,199,574,839,671.30
10/17/2012 16,193,100,189,055.20
10/18/2012 16,198,174,452,215.20
10/19/2012 16,196,052,388,163.20
10/22/2012 16,198,677,971,774.40
10/23/2012 16,203,845,445,635.70
10/24/2012 16,194,791,826,674.80
10/25/2012 16,197,082,554,040.00
10/26/2012 16,197,815,714,310.70
10/29/2012 16,198,993,554,072.30
10/30/2012 16,204,061,671,104.80
10/31/2012 16,261,470,510,720.70
11/1/2012 16,221,685,381,838.20
11/2/2012 16,206,129,028,709.20
11/5/2012 16,209,959,246,534.10
11/6/2012 16,214,358,823,745.30
11/7/2012 16,213,982,129,207.30
11/8/2012 16,245,318,820,569.30
11/9/2012 16,244,708,707,467.20
11/13/2012 16,248,293,041,003.50
11/14/2012 16,244,384,093,831.90
11/15/2012 16,278,932,378,520.90
11/16/2012 16,281,329,916,599.60
11/19/2012 16,286,110,428,799.00
11/20/2012 16,292,689,481,349.80
11/21/2012 16,283,161,895,179.80
11/23/2012 16,307,488,943,564.20
11/26/2012 16,309,738,056,362.40
11/27/2012 16,317,681,766,441.40
11/28/2012 16,306,713,138,468.80
11/29/2012 16,323,083,449,604.90
11/30/2012 16,369,548,799,604.90
12/3/2012 16,338,092,943,716.60
12/4/2012 16,347,055,651,380.30
12/5/2012 16,337,928,777,944.10
12/6/2012 16,366,436,891,948.00
12/7/2012 16,365,370,575,377.40
12/10/2012 16,370,056,245,929.60
12/11/2012 16,375,874,429,255.50
12/12/2012 16,366,422,407,639.90
12/13/2012 16,369,984,159,473.80
12/14/2012 16,359,576,959,576.40
12/17/2012 16,351,193,522,286.90
12/18/2012 16,359,758,742,907.70
12/19/2012 16,352,043,784,079.60
12/20/2012 16,334,217,015,073.40
12/21/2012 16,336,217,360,826.40
12/24/2012 16,337,556,561,533.60
12/26/2012 16,337,860,200,635.00
12/27/2012 16,338,243,391,747.00
12/28/2012 16,336,461,552,606.30
12/31/2012 16,432,730,050,569.10
1/2/2013 16,432,705,914,255.40
1/3/2013 16,431,219,143,696.50
1/4/2013 16,432,707,263,449.50
1/7/2013 16,432,671,087,771.60
1/8/2013 16,432,659,028,067.50
1/9/2013 16,432,646,968,419.60
1/10/2013 16,432,692,129,510.80
1/11/2013 16,432,680,097,613.80
1/14/2013 16,432,643,996,680.60
1/15/2013 16,432,632,102,288.60
1/16/2013 16,432,620,067,491.40
1/17/2013 16,432,631,489,854.70
1/18/2013 16,432,619,424,703.00
1/22/2013 16,432,571,159,411.50
1/23/2013 16,432,559,091,945.90
1/24/2013 16,432,567,939,377.30
1/25/2013 16,432,555,923,758.90
1/28/2013 16,432,519,875,802.90
1/29/2013 16,432,507,858,820.40
1/30/2013 16,432,495,841,444.60
1/31/2013 16,433,791,850,294.00
2/1/2013 16,433,779,913,880.30
2/4/2013 16,475,048,398,165.70
2/5/2013 16,480,910,656,603.90
2/6/2013 16,479,954,658,103.50
2/7/2013 16,487,564,297,892.00
2/8/2013 16,488,908,847,828.20
2/11/2013 16,489,930,650,594.10
2/12/2013 16,494,367,339,423.60
2/13/2013 16,524,304,599,079.00
2/14/2013 16,540,800,290,147.40
2/15/2013 16,548,926,805,129.30
2/19/2013 16,552,819,142,207.40
2/20/2013 16,588,751,035,306.30
2/21/2013 16,608,318,357,376.50
2/22/2013 16,609,040,800,845.50
2/25/2013 16,610,557,777,904.90
2/26/2013 16,618,701,810,927.70
2/27/2013 16,607,216,503,950.70
2/28/2013 16,687,289,180,215.30
3/1/2013 16,640,135,316,625.30
3/4/2013 16,649,703,459,968.00
3/5/2013 16,663,709,478,521.00
3/6/2013 16,692,238,790,019.20
3/7/2013 16,701,250,641,109.60
3/8/2013 16,701,846,937,879.70
3/11/2013 16,703,943,129,416.10
3/12/2013 16,709,976,214,794.40
3/13/2013 16,700,634,854,470.50
3/14/2013 16,708,225,460,175.10
3/15/2013 16,731,693,041,858.10
3/18/2013 16,736,188,026,047.80
3/19/2013 16,749,269,587,407.50
3/20/2013 16,739,939,855,865.30
3/21/2013 16,750,130,322,121.00
3/22/2013 16,749,924,938,094.40
3/25/2013 16,753,443,064,898.80
3/26/2013 16,759,063,744,572.40
3/27/2013 16,749,482,454,905.80
3/28/2013 16,766,988,432,792.60
3/29/2013 16,771,379,006,760.30
4/1/2013 16,792,120,009,606.80
4/2/2013 16,804,876,955,116.70
4/3/2013 16,786,970,142,478.80
4/4/2013 16,798,051,589,934.60
4/5/2013 16,797,828,899,086.80
4/8/2013 16,802,515,751,907.60
4/9/2013 16,808,274,414,207.10
4/10/2013 16,798,984,234,792.30
4/11/2013 16,808,067,104,144.00
4/12/2013 16,808,240,386,273.50
4/15/2013 16,801,307,487,216.50
4/16/2013 16,812,065,609,373.20
4/17/2013 16,807,270,364,907.30
4/18/2013 16,779,469,574,292.60
4/19/2013 16,781,967,702,405.30
4/22/2013 16,787,451,118,147.30
4/23/2013 16,798,952,599,955.50
4/24/2013 16,794,349,827,897.30
4/25/2013 16,758,107,082,298.60
4/26/2013 16,756,644,393,707.00
4/29/2013 16,758,168,229,380.20
4/30/2013 16,828,845,497,183.90
5/1/2013 16,805,036,884,755.00
5/2/2013 16,794,979,173,216.60
5/3/2013 16,780,900,194,134.10
5/6/2013 16,788,427,184,539.40
5/7/2013 16,795,552,390,198.40
5/8/2013 16,784,106,881,842.70
5/9/2013 16,754,734,781,812.80
5/10/2013 16,753,992,575,790.10
5/13/2013 16,755,788,437,042.40
5/14/2013 16,760,961,851,934.60
5/15/2013 16,765,040,725,133.70
5/16/2013 16,734,808,644,648.00
5/17/2013 16,737,328,238,148.10
5/20/2013 16,737,294,304,715.50
5/21/2013 16,737,282,992,090.70
5/22/2013 16,734,032,974,210.20
5/23/2013 16,736,576,618,573.30
5/24/2013 16,735,424,271,257.80
5/28/2013 16,737,219,726,401.20
5/29/2013 16,737,208,536,433.80
5/30/2013 16,737,246,099,998.80
5/31/2013 16,738,821,943,986.10
6/3/2013 16,738,788,832,145.30
6/4/2013 16,738,778,336,691.50
6/5/2013 16,738,767,256,596.60
6/6/2013 16,738,770,826,158.50
6/7/2013 16,738,759,828,986.40
6/10/2013 16,738,726,834,732.30
6/11/2013 16,738,715,835,680.50
6/12/2013 16,738,704,836,178.50
6/13/2013 16,738,708,293,971.50
6/14/2013 16,738,697,370,019.80
6/17/2013 16,738,664,595,327.60
6/18/2013 16,738,653,639,711.50
6/19/2013 16,738,642,755,073.30
6/20/2013 16,738,645,811,490.40
6/21/2013 16,738,634,995,209.70
6/24/2013 16,738,602,543,527.10
6/25/2013 16,738,591,725,217.10
6/26/2013 16,738,580,905,836.30
6/27/2013 16,738,629,048,819.00
6/28/2013 16,738,320,054,489.20
7/1/2013 16,738,309,305,648.20
7/2/2013 16,738,298,556,333.20
7/3/2013 16,738,287,806,544.20
7/5/2013 16,738,281,074,058.70
7/8/2013 16,738,249,094,798.80
7/9/2013 16,738,238,434,108.90
7/10/2013 16,738,227,772,946.00
7/11/2013 16,738,230,684,008.80
7/12/2013 16,738,220,086,104.50
7/15/2013 16,738,188,365,630.00
7/16/2013 16,738,177,765,933.40
7/17/2013 16,738,167,165,761.50
7/18/2013 16,738,168,990,385.70
7/19/2013 16,738,158,460,368.60
7/22/2013 16,738,126,867,888.50
7/23/2013 16,738,116,336,111.10
7/24/2013 16,738,105,803,858.20
7/25/2013 16,738,136,405,384.60
7/26/2013 16,738,125,957,131.00
7/29/2013 16,738,094,608,381.00
7/30/2013 16,738,084,158,233.50
7/31/2013 16,738,599,194,294.80
8/1/2013 16,738,600,261,139.00
8/2/2013 16,738,589,818,505.90
8/5/2013 16,738,558,487,748.50
8/6/2013 16,738,548,043,209.60
8/7/2013 16,738,537,598,194.20
8/8/2013 16,738,541,240,281.10
8/9/2013 16,738,530,794,717.40
8/12/2013 16,738,499,455,164.90
8/13/2013 16,738,489,007,693.40
8/14/2013 16,738,478,559,738.10
8/15/2013 16,738,484,642,516.80
8/16/2013 16,738,474,221,654.90
8/19/2013 16,738,442,956,309.10
8/20/2013 16,738,432,533,607.00
8/21/2013 16,738,422,110,434.90
8/22/2013 16,738,460,765,994.00
8/23/2013 16,738,450,395,371.10
8/26/2013 16,738,419,280,739.50
8/27/2013 16,738,408,908,240.10
8/28/2013 16,738,398,535,315.90
8/29/2013 16,738,401,335,152.10
8/30/2013 16,738,649,841,392.70
9/3/2013 16,738,618,787,875.30
9/4/2013 16,738,608,435,751.20
9/5/2013 16,738,608,362,951.80
9/6/2013 16,738,598,129,329.00
9/9/2013 16,738,567,425,782.40
9/10/2013 16,738,557,190,345.30
9/11/2013 16,738,546,954,446.60
9/12/2013 16,738,543,125,208.30
9/13/2013 16,738,533,025,135.60
9/16/2013 16,738,502,722,145.90
9/17/2013 16,738,492,645,235.00
9/18/2013 16,738,482,606,783.00
9/19/2013 16,738,503,812,337.70
9/20/2013 16,738,493,983,660.00
9/23/2013 16,738,464,494,846.80
9/24/2013 16,738,454,664,319.30
9/25/2013 16,738,444,833,205.50
9/26/2013 16,738,443,175,473.90
9/27/2013 16,738,433,470,635.60
9/30/2013 16,738,183,526,697.30
10/1/2013 16,747,478,675,335.10
10/2/2013 16,747,468,940,509.70
10/3/2013 16,747,468,275,799.20
10/4/2013 16,747,458,528,953.00
10/7/2013 16,747,429,285,635.10
10/8/2013 16,747,419,536,935.40
10/9/2013 16,747,409,787,772.30
10/10/2013 16,747,421,858,503.20
10/11/2013 16,747,411,584,091.50
10/15/2013 16,747,370,534,090.60
10/16/2013 16,747,360,549,057.20
10/17/2013 17,075,590,107,963.50
9 Comments
  1. Mark says:

    Still don’t get their math?

    Did the lower 650 billion deficit come from the 100 billion( Fannie ,Fred) + 339 ( SS and other claimed government agency assets) ?

    It does beg the question? When the government borrowed IOU’s that weren’t and aren’t really there in the Social Security Trust. Were the Social Security recipients endanger of not receiving a check dispute the double book keeping accounting. By that I mean the Treasury creating money in someone else account with money that’s not really there.

    The threat of default on bond may have been bogus but not payment of social security. The Repulicans would have been blamed again for granny not getting a check.

    19th October 2013 at 11:54 am

  2. TeresaE says:

    There are no numbers coming from ANY gubment branch that reflect reality in anyway.

    Next year’s expenses are shoved off the “books” and into gray areas, next decade’s are just totally ignored and – more and more – things are spent without being tracked or justified, or even noted.

    Throw in bullshit “financial” numbers, GDP, inflation, employment, gubment employment numbers, and there is just no way that their reporting, nor the “experts” analysis, is based in any way to help us through this.

    I’m nearly done even listening to it. They have outright covered up and lied to our faces (through their MSM mouthpieces) for YEARS and NO ONE cares.

    Or, not enough, not enough by a long shot.

    And, let’s be honest, as long as the phones stay on and soda & chips can be bought with SNAP – even the coming reduced payments that are going to DEVASTATE the grocery industry, nearly overnight – keep flowing, not near enough are going to care.

    My biggest hope is that the rioting for food & meds masses so overwhelm the authorities that I can figure out a way to hunker down and fly under the radar. Slim hope, but hope nonetheless

    19th October 2013 at 12:34 pm

  3. Thunderbird says:

    We really have to take a good hard look at the reality of assets and who holds them to see what the scam on the people is all about.

    The US Dollar is not money; it is currency. So what is the collateral that backs this currency? Nothing that I can see. Oh you say treasuries but are not these special treasuries redeemed by FRNs or debt which is the currency? Remember HR 192 of June 5, 1933?

    The US government dba UNITED STATES CORPORATION owns Washington DC but it does not own the land area of America held in trust for the people. The UNITED STATES CORPORATION only manages the assets of the people just like a property management corporation manages the properties of its clients. So when the property management corporation goes bankrupt the owners are protected.

    Has anyone really thought about what would really happen when the UNITED STATES declares bankruptcy? Would Washington DC be liquidated and properties & buildings sold off to pay the debt?

    Certainly the States could not be held liable for the debt because since the seventeenth amendment they have not had representation in congress.

    And the people cannot be held to account because they have almost no assets and have been living off the worthless currency called the US dollar.

    So really how does bankruptcy apply to currency which isn’t money?

    The UNITED STATES is certainly bankrupt in more ways than one but it is not insolvent as it has the ability to raise its debt ceiling infinitely.

    What is the scam? There is no money only currency. Those who stop playing the currency game lose. The assets are already held by the rich that do not need currency; as they have money. It is governments that play with currency.

    Those that hold the bonds issued by the governments are the ones that will be hurt. Why? Because western governments are corporations and corporations protect their owners.

    19th October 2013 at 12:35 pm

  4. Thunderbird says:

    The question is: isn’t the US Treasury a Department of THE UNITED STATES CORPORATION? So what is the collateral behind the Bonds issued by their Department of the Treasury? The land is contained in the 50 STATES not represented by the UNITED STATES CORPORATION because since the 17th amendment they are not represented. And to my knowledge possession of the land is 90% of the law. The only possession the UNITED STATES is in possession of is the District of Columbia and the military bases.

    19th October 2013 at 12:52 pm

  5. ragman says:

    Teresa: exactly right! Everything that comes out of DC is bullshit! It cracks me up when of the DCers refers to the “full faith and credit of the United States govt”. No one in their right mind has faith in the US Govt, nor does the US have any credit. It is bankrupt and getting bankrupter(sp) every day.

    19th October 2013 at 1:05 pm

  6. American :: OBAMA’S TRUE 2013 DEFICIT :: Author yoda | Financial Fall says:

    […] http://www.theburningplatform.com/2013/ … 3-deficit/ View full post on opinions.caduceusx.com […]

    20th October 2013 at 3:26 am

  7. Joe says:

    Administrator,

    At least they returned the money and any profit that was made. On or about 2016 the government will take all 401k and IRA money and not give it all back. That will be a dark day but the 401k and IRA designation means the government has its hands on the money still because it has not been taxed. It will get worse if they steel bank account money but I expect that will be the banks not the government.

    The 401k IRA money will be used to fortify SS, etc.

    20th October 2013 at 3:20 pm

  8. Administrator says:

    131019-budget2.gif

    20th October 2013 at 5:33 pm

  9. Sociopolitical extremism and the present state of America - Page 8 says:

    […] Re: Sociopolitical extremism and the present state of America OBAMA’S TRUE 2013 DEFICIT « The Burning Platform […]

    2nd January 2014 at 11:20 am

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