Tuesday, March 12, 2013

What The Sequester Hath Wrought

Sequester!

Obama warned us the dire consequences of the Sequester! would be, um, dire. And so far about all we have is White House tours being cancelled to show for it. And now that everyone is laughing at him and not with him for his Chicken Littleism (as opposed to his Barackadoodledoo of 2008), where do we find ourselves?

Using TreasuryDirect.gov, and their "Debt to the Dime" application let's take a look at the total U.S. Debt compared to previous years, and see what effect the Sequester! might have had on it this year.

Where did the total U.S. debt stand at the first week day of March (when the Sequester! took effect this year) compared to the sixth week day of March?

2009
March 2: $10,942,165,294,650.80
March 9: $10,952,663,030,603.40
Added to debt: $10,497,735,952.60
Debt increased 0.096%

2010
March 1: 12,507,536,462,861.oo
March 8: 12,546,372,001,879.70
Added to debt: $38,835,539,018.70
Debt increased 0.31%

2011
March 1: $14,172,957,589,856.60
March 8: $14,193,176,753,471.60
Added to debt: $20,219,163,615.00
Debt increased: 0.143%

2012
March 1: $15,501,014,716,143.70
March 8: $15,517,794,642,311.20
Added to debt: $16,779,926,167.50
Debt increased: 0.108%

So, there's a baseline. How does 2013 fare in comparison, now that we are under the scourge of the cut-spending-to-the-bone Sequester!?

2013
March 1: $16,640,135,316,625.30
March 8: $16,701,846,937,879.70
Added to debt: $61,711,621,254.40
Debt increased: 0.371%

Well that's some real belt-tightening, not to mention eye-popping, austerity right there.

Or something.

1 comment:

  1. Study my Letter on Diana@Philosophyinaction.com.
    Politicians, such as so-called "US Treasury Officials", LIE THEIR HEADS OFF. Stop pretending that they're telling the truth. The politicians' Debts & Deficits are THEIRS, not OURS, at all. There are no such things as "National Debts", "Public Debts", "State Debts", "Counties Debts", "Cities' Debts", etc.The $16.7 Trillion or so figure ISN'T the "Total National Debt", at all- it's just the Official Debt of the so-called "US Treasury". Various Famous Economists, such as Professor Laurence Kotlikoff of Boston University, claim that what they call the National Debt is actually about $228 Trillion, & going up about $1 Trillion a month.
    The so-called "federal government" is not only Bankrupt, & Head- Over- Heels In Debt, It's Operating Way In The Red, & It Has A Huge, & Increasing, Budget Deficit. There's virtually zero $ for anything whatsoever.
    (To find my Letter, try searching for Crazy Inbox & look for D's picture.)

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