Chart Of The Day: How $4 Trillion Of Uncle Sam’s Borrowings Went Missing

The $4 trillion was borrowed and the bonds were issued and the amounts are still outstanding, but the proceeds from the bond sales went out the door, off the books!

This chart shows the official deficits (red columns) and the increase in outstanding debt (blue columns) each year:

us-budget-deficits-v-borrowing-fiscal-2003-2016

http://wolfstreet.com/2016/10/01/why-u-s-government-deficit-numbers-are-a-big-lie-national-debt/

Disclosure:

None.

Comments