Talk of The Villages Florida - View Single Post - USA budget deficit
Thread: USA budget deficit
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Old 03-08-2017, 02:44 AM
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Originally Posted by Guest
Your numbers are wrong...in 10 years, the total debt has gone up $10 trillion...your numbers add up to $7.8 trillion...you're missing $2.2 trillion...or 22%.
Your assumption that the debt has something to do with the deficit is wrong...
The debt is EE Savings bonds sold, along with municipal bonds and the like.
The deficit is simply an unbalanced budget.

I haven't looked into it lately, but back when the debt was 12 trillion, we were creating just over 10 trillion in new debt every year and paying off just under 10 trillion every year.