In October 2013, I noted that the U.S. national debt leapt over $300 billion – the day after they raised the debt ceiling. It went from $16.75 trillion to $17.08 trillion, just days after President Obama had publicly lied that “…raising the debt ceiling…is not raising our debt. This does not add a dime to our debt.”
Update: Today, the U.S. national debt is about $18.01 trillion (or as this post is being written, $18,005,549,328,561.45).
$18 trillion! Up from $10.63 trillion when Obama took office on January 21, 2009. The Obama administration is 70% of the way to doubling the U.S. national debt – and still has two years to run!
But here’s the fishy part. Officially, the U.S. budget deficit for FY2014 was only $483 billion. If that’s true, our debt should have gone up a lot less. It should be just over $17.5 trillion.
There are two basic ways to measure the deficit.
- The official number: What the government budget states as revenue minus spending.
- The reality check: What the government had to borrow, to actually pay its bills.
Let’s take a look at the second one. I don’t have the exact numbers for the U.S. national debt for FY2014’s beginning vs. ending. But it should be obvious that, with the debt increasing by about $1 trillion from late October 2013 to end of November 2014, the real FY2014 deficit (covering twelve months from start of October 2013 to end of September 2014) had to be something larger than $483 billion. Otherwise, the FY2015 deficit would have to be $500 billion in just the last two months alone; and it isn’t.
So if an Obama supporter tries to say “The Dear Leader has reduced the deficit to $483 billion!”, you say: Then why did the national debt rise by roughly a trillion, over that same period? BALONEY.
Meanwhile, the Obama administration has found yet another way of lying to us. I’m becoming convinced that all of the ‘headline’ statistics put out by this administration are manipulated to the point where they’re a fraud, at least partly.