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Real Budget Deficit $5 Trillion.....

Discussion in 'Politics, Elections & Legislation' started by bgf, May 25, 2012.

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  1. bgf

    bgf Active Member

    Joined:
    Jan 29, 1998
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    Prescott Valley, Arizona
    ...Copied from a Newsmax article...

    "According to the U.S. Congress, the federal government’s budget deficit last year was $1.3 trillion.

    According to a USA Today analysis, the true figure is an astronomical $5 trillion.

    The reason: Congress exempts itself from including the cost of promised retirement benefits when computing the deficit, unlike companies which must include these commitments in financial statements."

    How do you like them apples...must be the 'don't do as I do, do as I say' philosophy.

    Bernie
     
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