Mike Lester by Mike Lester

Mike Lester

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  1. ARodney

    ARodney said, over 3 years ago

    Deficits lower than ever, and the U.S. had a surplus last quarter. Mike Lester needs to start reading THIS year’s economic news, he’s still working off of news from the George W. Bush years.

  2. mikefive

    mikefive said, over 3 years ago


    In the last quarter, the deficit may have gone down (better accounting procedures? more responsible fiscal policy?, etc.), and the debt went from $16,792,120,009,606.80 to $16,738,320,054,489.27, a reduction of $54 billion. Not truly significant, but at least it’s an improvement. I would credit the sequester for both of the reductions rather than any active policy instituted by Congress or the President since the sequester went into effect.

  3. Rick

    Rick said, over 3 years ago


    What country do you live in?

  4. Quipss

    Quipss said, over 3 years ago

    Feel free to buy gold, considering there is about a bracket of 14% more growth before offshore deposits become economical.
    As scary as “billions” sounds, when you have 300 million people 1 billion is all of $3.33 borrowed
    Finally I love doomsday inflation prophecies, it manages to tie a fancy word and absolute economic illiteracy into a drug more addictive to gold bugs than any other on earth

  5. Quipss

    Quipss said, over 3 years ago


    Keep in mind however even a slight paying down is larger due to inflation.

  6. Quipss

    Quipss said, over 3 years ago



  7. d_legendary1 Demands Dr.C's Release

    d_legendary1 Demands Dr.C's Release said, over 3 years ago


    Thanks for saving me the trouble of finding those facts. You’re da man!

  8. d_legendary1 Demands Dr.C's Release

    d_legendary1 Demands Dr.C's Release said, over 3 years ago

    All you Republicans who keep referring to the debt clock going up, keep in mind that you control the House. Keep pointing at your failure to stop the debt from growing.

  9. mikefive

    mikefive said, over 3 years ago


    First, usdebtclock.com is a commerial site and is rated as very poor on reliability, trustworthiness, and security.

    Second, A Rodney said he was talking about the last quarter. I posted numbers concerning the last quarter.

    Third, my numbers come from the U. S. Treasury Department. and are not estimated. As of July 22, the last numbers available from Treasury, the U. S. debt was $16,738,126,867,888.58.

    This is not to say that the debt didn’t increase or decrease as of yesterday and Treasury has not yet posted yesterday’s numbers,

  10. mikefive

    mikefive said, over 3 years ago


    I’m really sorry that I missed buying gold at $1780 last year. Just think, if I had sold yesterday, I could have gotten around $1335. I guess that’s better than the $1225 I would have gotten toward the first of this month. Of course, if I had bought in the first of the month, I’d be ahead $110.

  11. Brutatowski

    Brutatowski said, over 3 years ago

    People, don’t fall for this surplus hooey again. Every year democrats trot out the Bill Clinton surplus myth. We have two types of debt. He borrowed off one to get a surplus in the other. I’d love for there to be a real surplus, but it ain’t gonna happen as long as we have career politicians who derive power from spending our hard earned money.

  12. mikefive

    mikefive said, over 3 years ago

    58, I’m using Treasury Department numbers. For all I know they had a surplus and paid some notes that were due. Tomorrow or next week or next month they may borrow it back and increase the debt. This scenario is probable since our debt has steadily climbed year on year since the country’s founding with few exceptions.

  13. mikefive

    mikefive said, about 3 years ago

    You should have sold on the CME (with a moving hedge). You would have made money on the way down, too, if you had enough ounces to make a contract.

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