Wednesday, January 21, 2015

The "DECEIT" Continues

The U.S. budget deficit for fiscal year 2014 was the smallest of President Obama's tenure at $483 billion, which is down from the previous fiscal year of $683 billion.  So states the administration.  Now, what does the actual figures from the Treasury say?  Well, the total public debt outstanding as of September 30, 2013 was $16.738 trillion. For the current fiscal year, which ended September 30, 2014, the total public debt outstanding was $17,824 trillion.  If my math is correct, the true deficit is not $483 billion but $1.086 trillion.  But, why the discrepancy?  Deceit.  See, our government takes the excess (from what comes in and goes out) from the Social Security and Medicare tax receipts and claims that is a deficit reduction.  No deception in that logic, right?  Wake-up America, but, then again, America is already in "Sheol."

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