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Mix-Ansicht- US Treasury deficits - CRASH_GURU, 23.10.2005, 19:45
US Treasury deficits
-->Over fiscal 2005, the US Treasury’s “Official” funded debt increased by $US 553.7 Billion. The deficit admitted to was, as already stated, $US 318.6 Billion. The deficit number was therefore $US 235.1 Billion or 73.8% lower than the increase in Treasury debt for the fiscal year.
Over fiscal 2004, the numbers are as follows: The “Official” funded debt increased by $US 595.8 Billion. The deficit admitted to was $US 412.1 Billion.
The deficit number was therefore $US 183.7 Billion or 44.6% lower than the increase in Treasury debt for the fiscal year.
As you can see, the difference between the “Official” deficit and the increase in Treasury debt blew out in 2005 as compared to 2004. In terms of the raw numbers, the “Official” deficit fell by exactly $US 93.5 Billion in 2005 as compared to 2004. The difference in the Treasury debt increase - the 2004 total of $US 595.8 Billion minus the 2005 total of 553.7 Billion - comes to $US 42.1 Billion. The bigger gap between the Treasury’s debt increase and the “Official” deficit - $US 235.1 Billion in 2005 minus $US 183.7 Billion in 2004 - comes to $US 51.4 Billion. Add these together and the total comes to $US 93.5 Billion.
It just so happens that this number exactly duplicates the fall in the 2005 deficit over the one in 2004.
How’s that for an example of artistic financial license? By the way, the Treasury’s funded debt hit a new high of $US 8,004 Billion on October 18. That’s up $US 71.2 Billion in the first 18 days of fiscal 2006.
Projected linearly for a year, that comes to $US 1,444 Billion - or $US 1.444 TRILLION.
Bill Buckler
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