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Politics : Don't Blame Me, I Voted For Kerry
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To: Bearcatbob who wrote (18238)4/26/2004 10:55:36 PM
From: CalculatedRiskRead Replies (1) of 81568
 
Here are the numbers I use:

National Debt (4/23/2004): $7,135,539,992,298.41
National Debt (4/23/2003): $6,460,572,277,868.61
SOURCE (US Treasury): publicdebt.treas.gov

This gives a deficit over the last 12 months of $674,967,714,429.80. ($674 Billion). I included this in my second post in this series: Message 20065478

The above number includes all the off-budget items and intra-government holdings (intra-government holdings includes social security surplus which is approximately $170 Billion this year). When talking about the deficit / national debt, it is important to understand the difference between "public debt" and "total debt". The number from the CBO includes only the "public debt" and excludes off-budget items.

I argue that the annual increase in our debt equals the deficit!
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