| What's the real federal deficit?
USATODAY.com - What's the real federal deficit? Quote:
The set the government doesn't talk about is the audited financial statement produced by the government's accountants following standard accounting rules. It reports a more ominous financial picture: a $760 billion deficit for 2005. If Social Security and Medicare were included — as the board that sets accounting rules is considering — the federal deficit would have been $3.5 trillion.
Congress has written its own accounting rules — which would be illegal for a corporation to use because they ignore important costs such as the growing expense of retirement benefits for civil servants and military.
| Im all for actual representation.
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Leave it to US. To make the sun rise in the West. And fall on the East.
Last edited by dirtpoorchris : 06-08-08 at 02:08 PM.
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