Real federal deficit dwarfs official tally

[myrobbins7]

The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, a USA TODAY analysis finds.

"By law, the federal government can't tell the truth," says accountant Sheila Weinberg of the Chicago-based Institute for Truth in Accounting.

We're screwed.

http://www.usatoday.com/news/washington/story/2012-05-18/federal-deficit-accounting/55179748/1

 

[Burhead]

Every time I see one of your topics I picture you wearing a tinfoil hat.

 

[myrobbins7]

Yeah I know man this is just all fun and games huh..

 

[lawgator1]

The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, a USA TODAY analysis finds.

"By law, the federal government can't tell the truth," says accountant Sheila Weinberg of the Chicago-based Institute for Truth in Accounting.

We're screwed.

http://www.usatoday.com/news/washington/story/2012-05-18/federal-deficit-accounting/55179748/1

damn bush and the GOP

 

[Burhead]

It was a joke man calm down. I know it is a big deal but let's be honest, there is nothing we can do about it. No use in talking about it all the time and stressing over it.

 

[MystifyingVol]

My tinfoil hat takes offense.