FY2013 GAAP basis Financial Results
Mar 9, 2014
The U.S. Government released the Official FY2013 GAAP basis financial results on February 27, 2014 and now John Williams of ShadowStats.com has released his preliminary assessment of these results which are basically right on track with what the "USAPonzi Fiscal Model" had projected.
GAAP deficit $6.2 Trillion $6.248 Trillion
GAAP Obligation $91.7 Trillion $91.585 Trillion
These financial results mean that the U.S. Government under taxed the rich by $6.2 Trillion in FY2013 making them $6.2 Trillion richer and increased the under funding of the social benefits trust fund for the underprivileged by $6.6 Trillion. The social benefits trust fund was underfunded by a total of $79.7 Trillion as of the end of FY2013; September 30, 2013.
USAPonzi continues to make the rich richer and the poor poorer at a pace of $535 Billion per month and $17.6 Billion per day during FY2014.
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