Monday, April 04, 2005

The Worsening General Fund Deficit

Here is the current Year over Year deficit number (April 1, 2004 to April 1, 2005). As of April 1, 2005 our National Debt is:

$7,783,719,222,961.24 (that is almost $7.8 Trillion)

As of April 1, 2004, our National Debt was:

$7,122,841,728,666.17

So the General Fund has run a deficit of $660.9 Billion over the last 12 months. SOURCE: US Treasury

Click on graph for larger image.

For comparison:

For Fiscal 2004 (End Sept 30, 2004): $596 Billion

For Jan 1, 2004 to Jan 1, 2005: $609.8 Billion

For Feb 1, 2004 to Feb 1, 2005: $618.6 Billion

For Mar 1, 2004 to Mar 1, 2005: $635.9 Billion

It just keeps getting worse.

NOTE: I use the increase in National Debt as a substitute for the General Fund deficit. For technical reasons this is not exact, but it is close. Besides I think this is a solid measure of our indebtedness; it is how much we owe!