Real 2009 Budget Deficit: $1,785,603,936,384.06 – American Thinker Blog
Of course, these figures don’t reflect the unfunded liabilities of over $100 trillion for Medicaid, Medicare and Social Security. That’s a story for another happy day.
October 23, 2009
Real 2009 Budget Deficit: $1,785,603,936,384.06
David Hass
The recent publicly announced Federal Budget Deficit for 2009 is widely reported to be $1.4 trillion.
This figure is inaccurate. Why? Because the Government made an “accounting change”.
The real deficit is easily determined.
Thanks to a convenient web page maintained by the Treasury Department, you can access the National Debt data for any day, or range of days.
I chose the range Oct. 1, 2008 to Sept. 30, 2009. The government’s fiscal year starts on Oct. 1 each year and ends on Sept. 30.
On Oct. 1, 2008, the National Debt was $10,124,225,067,127.69. On Sept. 30, 2009 the debt was $11,909,829,003,511.75. Subtract the two and voila! Do you get the $1.4 trillion dollar figure? Nope.
Our National Debt has increased not by “only” $1 trillion under President Obama, but has actually increased by over $1.3 trillion.
The media should report the actual figure, not the “adjusted” figure and report that the $1.4 trillion is an adjusted figure every time they use that number.
Of course, these figures don’t reflect the unfunded liabilities of over $100 trillion for Medicaid, Medicare and Social Security. That’s a story for another happy day.
via American Thinker Blog: Real 2009 Budget Deficit: $1,785,603,936,384.06.
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Looks like Clinton was most ideal president for America, but you right winger thugs are never gonna accept that.
Clinton was the fortunate recipient of the tech bubble that crashed just in time for the next President to handle along with ‘corporation corruption’ and 911. Clinton was also fortunate to inherit an economy that was growing over 5% when he walked in. It was interesting to hear him claim credit for it when he and his pals trashed 41 throughout the election process, lying about the economy. But that’s another story. And how about that Ross Perot. No Perot, no Clinton.