Scott Gottlieb, CPA

105 Maxess Road, Suite N116
Melville, New York 11747

Office: 631-574-4484 or 631-253-CPA2

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Balance Budget Act 1997


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Winter 2004

Featured Sites

This month we are going to take a look at the The Bureau of the Public Debt website

After the xmas rush, and reading how consumers were burning their plastics, I decided to see what the goverments findings on debt was. Well, on January 13th I found out that the Debt Held by the Public was 4,417,573,913,146.62. Back in September 30, 1997 the debt held by the public was 3,789,667,546,849.60.

Below are the Intragovernmental Holdings for the same period.

09/30/1997 1,623,478,464,547.74

01/13/2005 3,183,599,571,877.11

The goverment considers Debt Held by the Public as all Federal debt held by individuals, corporations, state or local governments, foreign governments, and other entities outside of the United States Government less Federal Financing Bank securities.

Intragovernmental Holdings -- Government Account Series securities held by Government trust funds, revolving funds, and special funds; and Federal Financing Bank securities. A small amount of marketable securities are held by government accounts

To find The Debt of the U.S., Daily amounts to the penny... visit







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The materials on this Web site are for informational purposes only and are not intended and should not be construed as accounting advice. This information is not intended to create, and receipt of it does not constitute, a CPA-Client relationship. You should not act upon this information without seeking counsel from a Certified Public Accountant