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.
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 Ė $14.790 Trillion
National Debt on September 30, 2012 Ė $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. Itís nothing but bullshit. The national debt is what must be funded. Itís 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) ó 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.