If the US Deficit is 'only' $483 Billion, why does the Government Have to Borrow $1.1 Trillion to Fi

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If the US Deficit is ‘only’ $483 Billion, why does the Government Have to Borrow $1.1 Trillion to Fill the Hole?

http://wolfstreet.com/2014/10/16/if-the-us-deficit-is-only-483-billion-why-does-the-government-have-to-borrow-1-1-trillion-to-fill-the-hole/

Entry #3,188

Comments

Avatar GASMETERGUY -
#1
What are "off budget" items and why are they off budget?

The only true fact worth remembering from this article is the total U.S. debt. 17 trillion and climbing. Who is going to pay this? How are they going to pay it?
Avatar sully16 -
#2
All part of the crash the economy thing.
Avatar JAP69 -
#3
Official Debt
and Public Debt

http://wfhummel.cnchost.com/officialdebt.html

Congress has divided government spending into two classes, depending on whether it is accounted for on-budget or off-budget. Most spending, including interest on the debt, is on-budget. Spending on programs with dedicated taxes is considered off-budget, the largest being Social Security. The term unified budget refers to the combined on-budget and off-budget items. The unqualified terms budget deficit or budget surplus refer to the unified budget.

continued............

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