Free The Memes Archive
October 2008

Newest First ... Oldest FirstJune ... November

9:29pm Saturday October 11, 2008 (link)

There's a U.S. Treasury website, Debt to the Penny, at

http://www.treasurydirect.gov/NP/BPDLogin?application=np

Request 10/1/2007 to 10/1/2008 and you get a daily table. Here are the first and last lines:

10/01/2007 5,057,236,452,359.32 4,005,315,947,997.31 9,062,552,400,356.63 10/01/2008 5,850,791,254,967.39 4,273,433,812,160.30 10,124,225,067,127.69 Subtracting the Debt held by the Public (first col) you get $794 billion in the last 12 months. The Total Debt (last col) line goes up $1061 billion. I assume the difference is the amount owed to Social Security.

This is when the "official" deficit is something like $400 billion. The difference is the massive spending on bailouts during the last couple of months.

During October, the debt has continued to soar, and is now at 5,994,929,606,697.25, another $144 billion just this last week. That brings the total from Sep 1 to Oct 9 to $516 billion.

Someone really should be yelling about this! We haven't even spent the $700 bailout money yet and the deficit this year is nearly a trillion dollars. This isn't some accounting fiction either. That "debt held by the public" are real Treasuries sold to someone, that we have to pay some amount of interest on.

Newest First ... Oldest FirstJune ... November

     Home
Email Me

Blog Archives

Mike's Newspaper

Writings
  Health Care
  Global Warming

Projects
  RV Bus Conversion
  Simulated Evolution
  Sea of Memes

Photos







Other Sites
TechDirt
Gizmodo
Kurzweil AI
Schneier on Security

Hit And Run
Cato @ Liberty
Marginal Revolution
Calculated Risk

Baen Free Library