OBAMA’S TRUE 2013 DEFICIT

The Burning Platform: I’ve noticed numerous MSM mouthpiece articles with the exact same storyline – Obama’s shrinking deficits. They crow about FY13 being the lowest annual deficit of Obama’s presidency. I guess he became fiscally responsible when we weren’t looking. What the stories don’t tell is that the deficit was reduced by over $100 billion from FAKE payments by Fannie Mae and Freddie Mac to the Treasury. There was no money paid, just an accounting entry. These bloated pigs are insolvent, but through accounting gimmicks and failure to mark their mortgages to their true market value, they report billions in paper profits. They then pretend to repay the government. These are sham transactions, but our beloved government leaders know you don’t understand math or Ponzi accounting.
The MSM then must sooth the nerves of their readers by telling them that the deficit as a percentage of GDP is rapidly declining. They fail to mention that our government drones decided to “adjust” GDP up by $500 billion based on a “new” way of looking at things. So, you have a fake deficit number over a fake GDP number to get a much lower percentage. Isn’t that precious?

Earlier this week I saw that fat ass, bloviating, Long Island lawyer pretending to be an investment guru, Barry Ritholtz referencing the deficit at $550 billion and touting this number as proof that Obama and his liberal minions have achieved nirvana. I’m not sure if Ritholtz is really that stupid or just a lying bastard pushing his agenda, along with his books, newsletters, conferences, and worthless investment advice. This is a guy who was stranded for three weeks after Sandy because he was too dumb to buy a generator.
Maybe fat ass Ritholtz thinks that because the government stopped counting the daily outflow of $2.5 billion per day in May, that meant they weren’t really racking up the debt. If so, he is a bigger tool than I thought. Yesterday we got the truth. After stopping the national debt clock at $16.4 trillion back in May, the drones at Treasury unveiled our new national debt figure:

We sure can spend a lot of money when things are shutdown. The national debt jumped by $329 billion in a single day. Not bad for a days work.
The Treasury has a funky little site where you can run a report on the National Debt by day. Below is the output from September 30 of last year until today.
Let’s do a little math to figure out the true fiscally responsible Obama deficit for FY13.
The government essentially stopped counting on June 1, 2013. The national debt was $16.37 trillion on that day. There were 139 days between then and October 17. The national debt went up by $339 billion over that time frame, or $2.44 billion per day. At that rate, the national debt was really $17.035 on September 30, 2013.
This is where it gets hard for liberals and the math challenged. If the national debt was $16.066 on September 30, 2012 and $17.035 on September 30, 2013, what was the true deficit in FY13?
ANSWER: $969 BILLION
If you add back the FAKE Fannie & Freddie accounting entries, the true Obama deficit was approximately $1.1 TRILLION. That is only double the number fat ass Ritholtz was quoting.
All hail Obama and his fiscal responsibility.
The cumulative national debt from 1789 until 1982 was $1.1 TRILLION.
And people don’t think we have a spending problem?

Date	Total Public   Debt Outstanding
9/28/2012	16,066,241,407,385.80
10/1/2012	16,159,487,013,300.30
10/2/2012	16,171,037,343,408.50
10/3/2012	16,153,318,273,015.00
10/4/2012	16,161,879,857,156.60
10/5/2012	16,161,866,671,342.00
10/9/2012	16,167,932,295,919.50
10/10/2012	16,157,753,419,211.10
10/11/2012	16,158,270,866,947.20
10/12/2012	16,157,542,962,383.10
10/15/2012	16,190,979,268,766.60
10/16/2012	16,199,574,839,671.30
10/17/2012	16,193,100,189,055.20
10/18/2012	16,198,174,452,215.20
10/19/2012	16,196,052,388,163.20
10/22/2012	16,198,677,971,774.40
10/23/2012	16,203,845,445,635.70
10/24/2012	16,194,791,826,674.80
10/25/2012	16,197,082,554,040.00
10/26/2012	16,197,815,714,310.70
10/29/2012	16,198,993,554,072.30
10/30/2012	16,204,061,671,104.80
10/31/2012	16,261,470,510,720.70
11/1/2012	16,221,685,381,838.20
11/2/2012	16,206,129,028,709.20
11/5/2012	16,209,959,246,534.10
11/6/2012	16,214,358,823,745.30
11/7/2012	16,213,982,129,207.30
11/8/2012	16,245,318,820,569.30
11/9/2012	16,244,708,707,467.20
11/13/2012	16,248,293,041,003.50
11/14/2012	16,244,384,093,831.90
11/15/2012	16,278,932,378,520.90
11/16/2012	16,281,329,916,599.60
11/19/2012	16,286,110,428,799.00
11/20/2012	16,292,689,481,349.80
11/21/2012	16,283,161,895,179.80
11/23/2012	16,307,488,943,564.20
11/26/2012	16,309,738,056,362.40
11/27/2012	16,317,681,766,441.40
11/28/2012	16,306,713,138,468.80
11/29/2012	16,323,083,449,604.90
11/30/2012	16,369,548,799,604.90
12/3/2012	16,338,092,943,716.60
12/4/2012	16,347,055,651,380.30
12/5/2012	16,337,928,777,944.10
12/6/2012	16,366,436,891,948.00
12/7/2012	16,365,370,575,377.40
12/10/2012	16,370,056,245,929.60
12/11/2012	16,375,874,429,255.50
12/12/2012	16,366,422,407,639.90
12/13/2012	16,369,984,159,473.80
12/14/2012	16,359,576,959,576.40
12/17/2012	16,351,193,522,286.90
12/18/2012	16,359,758,742,907.70
12/19/2012	16,352,043,784,079.60
12/20/2012	16,334,217,015,073.40
12/21/2012	16,336,217,360,826.40
12/24/2012	16,337,556,561,533.60
12/26/2012	16,337,860,200,635.00
12/27/2012	16,338,243,391,747.00
12/28/2012	16,336,461,552,606.30
12/31/2012	16,432,730,050,569.10
1/2/2013	16,432,705,914,255.40
1/3/2013	16,431,219,143,696.50
1/4/2013	16,432,707,263,449.50
1/7/2013	16,432,671,087,771.60
1/8/2013	16,432,659,028,067.50
1/9/2013	16,432,646,968,419.60
1/10/2013	16,432,692,129,510.80
1/11/2013	16,432,680,097,613.80
1/14/2013	16,432,643,996,680.60
1/15/2013	16,432,632,102,288.60
1/16/2013	16,432,620,067,491.40
1/17/2013	16,432,631,489,854.70
1/18/2013	16,432,619,424,703.00
1/22/2013	16,432,571,159,411.50
1/23/2013	16,432,559,091,945.90
1/24/2013	16,432,567,939,377.30
1/25/2013	16,432,555,923,758.90
1/28/2013	16,432,519,875,802.90
1/29/2013	16,432,507,858,820.40
1/30/2013	16,432,495,841,444.60
1/31/2013	16,433,791,850,294.00
2/1/2013	16,433,779,913,880.30
2/4/2013	16,475,048,398,165.70
2/5/2013	16,480,910,656,603.90
2/6/2013	16,479,954,658,103.50
2/7/2013	16,487,564,297,892.00
2/8/2013	16,488,908,847,828.20
2/11/2013	16,489,930,650,594.10
2/12/2013	16,494,367,339,423.60
2/13/2013	16,524,304,599,079.00
2/14/2013	16,540,800,290,147.40
2/15/2013	16,548,926,805,129.30
2/19/2013	16,552,819,142,207.40
2/20/2013	16,588,751,035,306.30
2/21/2013	16,608,318,357,376.50
2/22/2013	16,609,040,800,845.50
2/25/2013	16,610,557,777,904.90
2/26/2013	16,618,701,810,927.70
2/27/2013	16,607,216,503,950.70
2/28/2013	16,687,289,180,215.30
3/1/2013	16,640,135,316,625.30
3/4/2013	16,649,703,459,968.00
3/5/2013	16,663,709,478,521.00
3/6/2013	16,692,238,790,019.20
3/7/2013	16,701,250,641,109.60
3/8/2013	16,701,846,937,879.70
3/11/2013	16,703,943,129,416.10
3/12/2013	16,709,976,214,794.40
3/13/2013	16,700,634,854,470.50
3/14/2013	16,708,225,460,175.10
3/15/2013	16,731,693,041,858.10
3/18/2013	16,736,188,026,047.80
3/19/2013	16,749,269,587,407.50
3/20/2013	16,739,939,855,865.30
3/21/2013	16,750,130,322,121.00
3/22/2013	16,749,924,938,094.40
3/25/2013	16,753,443,064,898.80
3/26/2013	16,759,063,744,572.40
3/27/2013	16,749,482,454,905.80
3/28/2013	16,766,988,432,792.60
3/29/2013	16,771,379,006,760.30
4/1/2013	16,792,120,009,606.80
4/2/2013	16,804,876,955,116.70
4/3/2013	16,786,970,142,478.80
4/4/2013	16,798,051,589,934.60
4/5/2013	16,797,828,899,086.80
4/8/2013	16,802,515,751,907.60
4/9/2013	16,808,274,414,207.10
4/10/2013	16,798,984,234,792.30
4/11/2013	16,808,067,104,144.00
4/12/2013	16,808,240,386,273.50
4/15/2013	16,801,307,487,216.50
4/16/2013	16,812,065,609,373.20
4/17/2013	16,807,270,364,907.30
4/18/2013	16,779,469,574,292.60
4/19/2013	16,781,967,702,405.30
4/22/2013	16,787,451,118,147.30
4/23/2013	16,798,952,599,955.50
4/24/2013	16,794,349,827,897.30
4/25/2013	16,758,107,082,298.60
4/26/2013	16,756,644,393,707.00
4/29/2013	16,758,168,229,380.20
4/30/2013	16,828,845,497,183.90
5/1/2013	16,805,036,884,755.00
5/2/2013	16,794,979,173,216.60
5/3/2013	16,780,900,194,134.10
5/6/2013	16,788,427,184,539.40
5/7/2013	16,795,552,390,198.40
5/8/2013	16,784,106,881,842.70
5/9/2013	16,754,734,781,812.80
5/10/2013	16,753,992,575,790.10
5/13/2013	16,755,788,437,042.40
5/14/2013	16,760,961,851,934.60
5/15/2013	16,765,040,725,133.70
5/16/2013	16,734,808,644,648.00
5/17/2013	16,737,328,238,148.10
5/20/2013	16,737,294,304,715.50
5/21/2013	16,737,282,992,090.70
5/22/2013	16,734,032,974,210.20
5/23/2013	16,736,576,618,573.30
5/24/2013	16,735,424,271,257.80
5/28/2013	16,737,219,726,401.20
5/29/2013	16,737,208,536,433.80
5/30/2013	16,737,246,099,998.80
5/31/2013	16,738,821,943,986.10
6/3/2013	16,738,788,832,145.30
6/4/2013	16,738,778,336,691.50
6/5/2013	16,738,767,256,596.60
6/6/2013	16,738,770,826,158.50
6/7/2013	16,738,759,828,986.40
6/10/2013	16,738,726,834,732.30
6/11/2013	16,738,715,835,680.50
6/12/2013	16,738,704,836,178.50
6/13/2013	16,738,708,293,971.50
6/14/2013	16,738,697,370,019.80
6/17/2013	16,738,664,595,327.60
6/18/2013	16,738,653,639,711.50
6/19/2013	16,738,642,755,073.30
6/20/2013	16,738,645,811,490.40
6/21/2013	16,738,634,995,209.70
6/24/2013	16,738,602,543,527.10
6/25/2013	16,738,591,725,217.10
6/26/2013	16,738,580,905,836.30
6/27/2013	16,738,629,048,819.00
6/28/2013	16,738,320,054,489.20
7/1/2013	16,738,309,305,648.20
7/2/2013	16,738,298,556,333.20
7/3/2013	16,738,287,806,544.20
7/5/2013	16,738,281,074,058.70
7/8/2013	16,738,249,094,798.80
7/9/2013	16,738,238,434,108.90
7/10/2013	16,738,227,772,946.00
7/11/2013	16,738,230,684,008.80
7/12/2013	16,738,220,086,104.50
7/15/2013	16,738,188,365,630.00
7/16/2013	16,738,177,765,933.40
7/17/2013	16,738,167,165,761.50
7/18/2013	16,738,168,990,385.70
7/19/2013	16,738,158,460,368.60
7/22/2013	16,738,126,867,888.50
7/23/2013	16,738,116,336,111.10
7/24/2013	16,738,105,803,858.20
7/25/2013	16,738,136,405,384.60
7/26/2013	16,738,125,957,131.00
7/29/2013	16,738,094,608,381.00
7/30/2013	16,738,084,158,233.50
7/31/2013	16,738,599,194,294.80
8/1/2013	16,738,600,261,139.00
8/2/2013	16,738,589,818,505.90
8/5/2013	16,738,558,487,748.50
8/6/2013	16,738,548,043,209.60
8/7/2013	16,738,537,598,194.20
8/8/2013	16,738,541,240,281.10
8/9/2013	16,738,530,794,717.40
8/12/2013	16,738,499,455,164.90
8/13/2013	16,738,489,007,693.40
8/14/2013	16,738,478,559,738.10
8/15/2013	16,738,484,642,516.80
8/16/2013	16,738,474,221,654.90
8/19/2013	16,738,442,956,309.10
8/20/2013	16,738,432,533,607.00
8/21/2013	16,738,422,110,434.90
8/22/2013	16,738,460,765,994.00
8/23/2013	16,738,450,395,371.10
8/26/2013	16,738,419,280,739.50
8/27/2013	16,738,408,908,240.10
8/28/2013	16,738,398,535,315.90
8/29/2013	16,738,401,335,152.10
8/30/2013	16,738,649,841,392.70
9/3/2013	16,738,618,787,875.30
9/4/2013	16,738,608,435,751.20
9/5/2013	16,738,608,362,951.80
9/6/2013	16,738,598,129,329.00
9/9/2013	16,738,567,425,782.40
9/10/2013	16,738,557,190,345.30
9/11/2013	16,738,546,954,446.60
9/12/2013	16,738,543,125,208.30
9/13/2013	16,738,533,025,135.60
9/16/2013	16,738,502,722,145.90
9/17/2013	16,738,492,645,235.00
9/18/2013	16,738,482,606,783.00
9/19/2013	16,738,503,812,337.70
9/20/2013	16,738,493,983,660.00
9/23/2013	16,738,464,494,846.80
9/24/2013	16,738,454,664,319.30
9/25/2013	16,738,444,833,205.50
9/26/2013	16,738,443,175,473.90
9/27/2013	16,738,433,470,635.60
9/30/2013	16,738,183,526,697.30
10/1/2013	16,747,478,675,335.10
10/2/2013	16,747,468,940,509.70
10/3/2013	16,747,468,275,799.20
10/4/2013	16,747,458,528,953.00
10/7/2013	16,747,429,285,635.10
10/8/2013	16,747,419,536,935.40
10/9/2013	16,747,409,787,772.30
10/10/2013	16,747,421,858,503.20
10/11/2013	16,747,411,584,091.50
10/15/2013	16,747,370,534,090.60
10/16/2013	16,747,360,549,057.20
10/17/2013	17,075,590,107,963.50		Source