Thread: 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?

"extraordinary measures" That must be that new math I heard about.

Originally Posted by -Lazarus-

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?

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.

Originally Posted by Warprosper

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.

War, the debt stayed at exactly the same dollar amount for like, more than a month. Are you being serious?

Originally Posted by -Lazarus-

War, the debt stayed at exactly the same dollar amount for like, more than a month. Are you being serious?

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.

Originally Posted by Warprosper

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.

Wait I re-read this and realized that this hasn't changed for 87 days. I mean, that's some bullshit right there, no?

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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Originally Posted by -Lazarus-

Wait I re-read this and realized that this hasn't changed for 87 days. I mean, that's some bullshit right there, no?

Since we keep printing money and issuing bills, our debt could stay the same as our deficit raises tremendously. It's why our country's practices of printing money are frowned upon.

Originally Posted by HeavyG

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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But the number would not be exactly the same, only 25 million below the debt limit, for that long. Would it?

Originally Posted by -Lazarus-

But the number would not be exactly the same, only 25 million below the debt limit, for that long. Would it?

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.