Letter: Don’t believe the deficit figures | PostIndependent.com
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Letter: Don’t believe the deficit figures

R. Grant
Basalt

It is always problematic to talk of federal spending using figures supplied by politicians. The official federal debt as of Sept. 30 was $17,824,071,380,733.82 (from the Treasury’s “debt to the penny”). A year before, it was $16,738,183,526,697.32, for a difference of $1,085,887,854,036.50. How the politicians get from $1.085 trillion to a $486 billion deficit you cited is the question.

James Dale Davidson writes that using GAAP-based figures (generally accepted accounting principles, to which every legitimate business and public company must adhere), the deficit hit about $6.2 trillion for 2013 alone.

We are now being deluged by all sorts of hand-picked statistics about the wonderful state of the improving economy. Except more and more people realize that the media spins the statistics to favor their favorite Democratic candidate.


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