Here we go again. The blaring headlines from the MSM, dutifully reporting what is fed to them by the Federal Government drones in Washington declare the deficit is 16% lower than last year and was only $1.089 TRILLION in the fiscal year just ended.
Here is a link to a handy dandy website.
http://www.treasurydirect.gov/NP/BPDLogin?application=np
If you enter the dates for the last fiscal year, you can see how much the NATIONAL DEBT went up. Here is the result:
National Debt on October 1, 2011 – $14.790 Trillion
National Debt on September 30, 2012 – $16.066 Trillion
For the math challenged, this would appear to be a $1.276 Trillion deficit for the fiscal year. The drones in the U.S. Treasury department will give dozens of reasons why the reported deficit does not match the increase in the national debt. It’s nothing but bullshit. The national debt is what must be funded. It’s the real number.
So, the actual deficit was JUST $187 billion larger than the number reported by the MSM. Just a rounding error for our fine leaders. The misinformation, obfuscation, and lies will continue until further notice. So it goes.
U.S. fiscal year 2012 deficit $1.089 trillion
WASHINGTON (MarketWatch) — The U.S. government ran a budget surplus of $75 billion in September, the Treasury Department reported Friday, but posted a deficit of $1.089 trillion for all of fiscal 2012, the fourth year in a row with a deficit of more than $1 trillion. Compared to a year ago, the deficit is about 16% less, due to both higher revenues and reduced spending.
youcanthavemyglock says:
‘The U.S. government ran a budget surplus…’ – funniest thing I’ve read ALL day hahahahaha
So now borrowing less money is surplus! Hey, honey this month I ran our credit card to 9,000$ instead of 10,000$, we’re in surplus!
The media and the government know just how stupid the average American is so they have no shame in printing this garbage, they know this whole country is severely math challenged and will not call on them on their bullshit. This is a slap in the face.
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12th October 2012 at 3:42 pm
BUCKHED says:
Just like the “Phantom” surplus Willie Clinton claims…it never happened…a huge lie…just like “Honey we’ll stop if it hurts too much” ! LMAO !!!
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12th October 2012 at 4:03 pm
bluestem says:
a billion here, a billion there, when it all blows up a billion here or there won’t matter that much. John
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12th October 2012 at 4:23 pm
card802 says:
America is in the black, all praise Obama!
It’s all explained:
WASHINGTON | Fri Oct 12, 2012 3:20pm EDT
(Reuters) – The United States reported a budget surplus for the final month of the 2012 fiscal year, but the tiny bump in revenues did not prevent the country’s deficit from exceeding $1 trillion for the fourth year in a row.
The 2012 budget gap was $1.089 trillion, smaller than last year’s deficit of $1.297 trillion largely because of higher corporate income tax receipts and less spending, the Treasury Department said on Friday.
The September budget surplus of $75 billion, which topped analyst expectations for a surplus of $42 billion, marked only the second month in the fiscal year ended September 30 that the country was in the black.
The year-end budget report comes in the final weeks of the presidential campaign, where the massive budget gap and President Barack Obama’s economic policies have dominated the debate.
The Obama administration spent $3.538 trillion in the 2012 fiscal year, 1.7 percent less than last year due to the expiration of stimulus provisions, a stronger economy, the end of military operations in Iraq and the continued drawdown in Afghanistan, the Treasury said.
Strong tax collections pushed receipts up to $2.449 trillion in 2012, up 6.4 percent from last year.
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12th October 2012 at 4:34 pm
Administrator says:
The national debt went up by $1.229 trillion in the prior fiscal year, so this year was actually 3.8% higher – not 16% lower.
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12th October 2012 at 4:44 pm
Muck About says:
Soon, the lies will penetrate even the dumbest, most hard headed citizen. When the man (woman) in the street recognizes the lies for what they are – and they will – the anger expressed will be epic (I hope – but these days maybe it’ll be a shrug). What an awful after thought.
MA
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12th October 2012 at 5:30 pm
ThePessimisticChemist says:
“Soon, the lies will penetrate even the dumbest, most hard headed citizen. ”
You have a strange idea of soon.
Most people still think there is a difference between the Democrats and the Republicans.
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12th October 2012 at 5:37 pm
bb says:
FOR the last year i have been telling anyone who would listen about the FED,our debased money,or what could happen . They look at me like i am a liar.I have all but given up .telling people.I think it is to late.
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12th October 2012 at 6:19 pm
Novista says:
bb
I was trying to explain the Fed to people fifty years ago. Nothing changes.
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12th October 2012 at 10:56 pm
Ron says:
So when do the numbers start to actually have a bad effect we can see? Thats when people well wake up,when its to late.
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12th October 2012 at 12:02 am
Bruce says:
Muck About,
I’m sure that sooner or later the morons will get pissed off. The problem is when you set them on fire they usually run back in to the barn. If they get pissed off enough for all hell to break loose they will go after the wrong people for the wrong reasons. Now if people get mad enough to take to the streets and lynch the politicians that would be the wrong thing to do first if they want to have even a slight chance at changing the world for the better. They can always hang the politicians later.
First they must go after the bankers. And world wide. That won’t solve everything but if it’s not done nothing else like poisonous economies, predatory corporatism, enslaved free trade, unsustainable debt, out of whack production and consumption, political corruption, malignant police states, degenerating FSAs, war mongering and violent drug trafficking can not be fixed. All of these things are dependent upon monetary policy, financial manipulations, excessive debt, money laundering and the rigging of markets that are controlled, nurtured and enabled by the bankers.
But I don’t see that happening. I don’t see the vast majority of people even having even a slight notion as to who really holds the whips over the world. We are doomed.
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12th October 2012 at 1:02 am
FrenchMan says:
True, here in France the majority of people think there is a difference between ‘Left’ & ‘Right’…
The Left here have won the election and it was so obvious that the Right was letting the seat for doing the bad job under the false flag of “Socialism”.
And people still think this shit of having the choice is true…
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12th October 2012 at 4:54 am
Brad says:
Well at least it’s better information then we got during the Bush Years.
They still claim the deficit for Fiscal Year 2008 was 455 Billion when actually 1.017 Trillion was added to the National Debt. The Bush administration conveniently left off the Wars, Stimulus and Earmarks of 379 Billion and the Social Security Surplus of 183 billion that was used.
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12th October 2012 at 11:58 am