Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (496402)	7/19/2009 9:30:12 PM
From: i-node	Read Replies (2) \| Respond to of 1573088

>> The fact is he left almost 7 trillion in national debt, not 4 trillion..... The fact is that the fiscal year ended 9/30/2000 ended with a national debt of $5.67 Trillion. As of 9/30/2008, it was 10.63 Trillion -- a difference of 4.95 Trillion. That is a precise figure, so 7T is out of the question. Now, my 4T was an understatement, but in reality, the $350T from TARP I will apparently be repaid in significant part within the fiscal year. Sure, you won't try to credit Obama with THAT? So, a good number would be 4.5-4.6T which is quite a bit closer than your 7T. I was ballparking it, but now I have provided you with relatively precise figures.