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Thread: Yep. Seems legit.
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08-14-13, 12:46 PM #1
Yep. Seems legit.
Said absolutely no one ever:
Treasury Ran $98 Billion Deficit in July--But Debt Stayed Exactly $16,699,396,000,000 | CNS News
This seem fishy to anyone else?
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08-14-13, 03:17 PM #3
Re: Yep. Seems legit.
Because a growing deficit doesn't necessarily depict growing debt. I wish that the news networks would reveal this kind of stuff when they explain their growth patterns. If I remember correctly, our reserve calculates our deficit based on a debt margin instead of accumulation.
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08-14-13, 07:51 PM #5
Re: Yep. Seems legit.
Yea.
It's all in the way these figures are calculated. All this means is that the government bills, securities, or taxes were deferred from the deficit and didn't raise the debt. It can happen if interest rates go down, people don't pay you on time, or when the government issues more t bills at a reduced rate. When this happens the debt amount doesn't change because the money that's intended to be received will still be received. That's the thing about Tbills or marketable securities.. They're not debts, they're cash equivalents and in some cases they can become equity.
Well, at least the government hopes the money will be received.
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08-14-13, 10:56 PM #7Re: Yep. Seems legit.
Didn't I read a couple months back that Obama actually paid down some of the debt for the first time in like a decade? I don't have a link to support, but I do believe that is the case.
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08-15-13, 08:51 AM #10
Re: Yep. Seems legit.
All they have to do is pay off the interest gained on debts and issue more tbills for the overage, thus the deficit increases and the debt remains the same. If you look at some of the large corporations (especially lenders) and their quarterly reports you'll probably see something similar.
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