Thursday, June 6, 2013

US Fiscal Gap $222 Trillion (2012)

e: ... on march 27, 2011 U.S. Representative Steve Pearce made the astonishing statement that the US national debt was actually $202 Trillion ...
... a couple weeks ago i requested a current figure and a source ... and below is what his office sent me ...
... wow ... i believe it ... the true federal deficit (annual) and cumulative debt is at least 10 times any figure publicly acknowledged.
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national center for policy analysis
U.S. Debt Continues to Grow
aug 10, 2012

The fiscal gap is the present value difference between projected future spending and revenue.

The U.S. fiscal gap, calculated using the Congressional Budget Office's (CBO) realistic long-term budget forecast -- the Alternative Fiscal Scenario -- is now $222 trillion [2012]

Last year, it was $211 trillion [2011].The $11 trillion difference -- this year's [2012] true federal deficit -- is 10 times larger than the official deficit ...

In 2003 and 2004 ... fiscal gaps of $60 trillion and $86 trillion, respectively.

http://www.ncpa.org/sub/dpd/index.php?Article_ID=22243
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e: ... get ready Tony ... Tony Robinson (new regional head, FEMA Region 6).
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e: ... U.S. Representative Steve Pearce is supposed to be on the Bob Clark show at 9am (mt) on Friday june 7 (tomorrow). I will try to introduce the $222 Trillion US Fiscal Gap figure into the discussion. You can listen to the show here:

www.770kkob.com

5am - 10am
Bob Clark
770 KKOB-AM
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Yes that's correct, the Congressman is scheduled to be on KKOB 770AM at 9AM on Friday.

Thanks,

Katherine Mauss
Office of The Honorable Stevan Pearce
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e: ... my question to Congressman Steve Pearce for the radio show:

Question 1: What is the difference between the $222 Trillion Fiscal Gap and the $17 Trillion National Debt?

Question 2: What is the difference between the $11 Trillion True Fiscal Deficit (based on Fiscal Gap figures for 2012 and 2011) and the $1.3 Trillion Official Federal Deficit (FY 2011)?

http://www.usgovernmentspending.com/federal_deficit_chart.html
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see also:

Steve Pearce ($202 Trillion of debt)
http://adventuresofagreenhorn.blogspot.com/2013/03/steve-pearce-202-trillion-of-debt.html

Tony Robinson (new regional head, FEMA Region 6)
http://adventuresofagreenhorn.blogspot.com/2013/03/tony-robinson-new-regional-head-fema.html

hope was the first term, now comes the change
http://adventuresofagreenhorn.blogspot.com/2013/05/hope-was-first-term-now-comes-change.html