On Jan 17th, the Dept of Treasury released their GAAP budget deficit , and it was $6.9 TRILLION. That’s the change in present value of true obligations in ONE YEAR plus the cash deficit- total deficit $6.9 TRILLION! This is in a $16 trillion economy where politicians fight over $100 billion in spending cuts when the deficit is $6.9 T!
What I find most interesting about that number? You will not see it reported ANYWHERE in the public press!
You would think that would be something that would be deserving of some comment, but if you Google GAAP budget deficit 2012 you will not find it in any public news release, even though it was released by the Department of the Treasury. We’re just ignoring the biggest elephant in the room here, and that’s the way they want to work it- more disinformation.
FEBRUARY 24, 2013 BY THE DOC – Silver Doctors