Obama’s Real 2009 Deficit: $1.785 Trillion!
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Real 2009 Budget Deficit: $1,785,603,936,384.06
David Hass
The recent publicly announced Federal Budget Deficit for 2009 is widely reported to be $1.4 trillion.
This figure is inaccurate. Why? Because the Government made an “accounting change”.
The real deficit is easily determined.
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On Oct. 1, 2008, the National Debt was $10,124,225,067,127.69. On Sept. 30, 2009 the debt was $11,909,829,003,511.75. Subtract the two and voila! Do you get the $1.4 trillion dollar figure? Nope.
Our National Debt has increased not by “only” $1 trillion under President Obama, but has actually increased by over $1.3 trillion.
The media should report the actual figure, not the “adjusted” figure and report that the $1.4 trillion is an adjusted figure every time they use that number.
Of course, these figures don’t reflect the unfunded liabilities of over $100 trillion for Medicaid, Medicare and Social Security. That’s a story for another happy day.
Why is Obama rigging the numbers? Even the untrue number they admit to is a disaster.
This unprecedented transfer of wealth from the productive private sector to the Obama’s greedy govt is prolonging and deepening the Dem recession.
