Gumby
05-03-2006, 01:32 AM
A truer measure of America's ballooning deficit
By Jim Cooper
Sunday, April 30, 2006
Posted: 12:40 PM EDT (17:40 London)
The federal government keeps two sets of books, but the Bush administration only wants you to see one of them. There is the highly publicised "President's Budget" issued by the Office of Management and Budget, and the almost-secret "Financial Report of the United States" issued by the Department of Treasury. The budget says that the 2005 US fiscal deficit was $319bn, but the Financial Report claims it is $760bn.
http://us.ft.com/ftsuperpage/superpage.php?news_id=fto043020061349586221&utm_source=Google&utm_medium=PPC&utm_campaign=NewsKW
the House just said that with Social Security and Medicare in 2005 the total deficit spending was $2,745,000,000,000.... here is our total debt...
http://www.brillig.com/debt_clock/
By Jim Cooper
Sunday, April 30, 2006
Posted: 12:40 PM EDT (17:40 London)
The federal government keeps two sets of books, but the Bush administration only wants you to see one of them. There is the highly publicised "President's Budget" issued by the Office of Management and Budget, and the almost-secret "Financial Report of the United States" issued by the Department of Treasury. The budget says that the 2005 US fiscal deficit was $319bn, but the Financial Report claims it is $760bn.
http://us.ft.com/ftsuperpage/superpage.php?news_id=fto043020061349586221&utm_source=Google&utm_medium=PPC&utm_campaign=NewsKW
the House just said that with Social Security and Medicare in 2005 the total deficit spending was $2,745,000,000,000.... here is our total debt...
http://www.brillig.com/debt_clock/