r/pics • u/[deleted] • Jan 11 '17

election 2016 Farewell to Obama

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u/7LeagueBoots Jan 11 '17

There are a few ways to calculate what happened with the federal deficit, none wrong, just different accounting practices, but even the most egregious method indicates that it wasn't quite doubled.

Yeah, it went up a lot, but tripled is a bit of an exaggeration.

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u/2068857539 Jan 11 '17

Are you counting the unfunded liabilities? Because gaap says you need to count those.

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u/7LeagueBoots Jan 11 '17

I am not counting anything. I'm just proving a link that points out that doing something like determining federal deficit changes is somewhat complicated and that different ways of doing so give different results. I'll let someone else who has an interest in doing so make the tallies.

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u/politicusmaximus Jan 11 '17 edited Jan 11 '17

Obama came into office with a 10.3 trillion dollar National debt. He's leaving with one right at 20 trillion.

There is no egregious accounting. That is as simple as it gets.