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Friday, September 07, 2012

$10 Trillion Withdrawn From U.S. Treasury This Fiscal Year Alone, Treasury Says

- Although the Congressional Budget Office estimates   that the federal government will spend $3.563 trillion in fiscal year 2012 and the White House Office of Management estimates  it will be $3.795 trillion, actual withdrawals from the U.S. Treasury have already exceeded $10 trillion.
In fact, as of the close of business Wednesday, withdrawals from the Treasury equaled $10,201,615,000,000 for fiscal 2012, which began on Oct. 1, 2011 and will end on Sept. 30.
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1 comment:

  1. Obama and Bernanke are just like Reagan and Greenspan, voodoo economists.

    ReplyDelete

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