 Federal budget trickery |
| Federal budget trickery |
 Nov 26 2007, 09:18 AM
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9  |
This is probably old news to most of you, but I thought it was interesting...
http://articles.moneycentral.msn.com/News/...ionsInDebt.aspx QUOTE Consider the proud trumpeting that came from Washington at the close of fiscal 2007. The deficit for the unified budget was, politicians crowed, down to a mere $162.8 billion.
In fact, our government is overspending at a far greater rate. The total federal debt actually increased by $497.1 billion over the same period. But politicians of both parties use happy numbers to distract us. Democrats routinely criticize the Republican administration for crippling deficits, but they politely use the least-damaging figure, the $162.8 billion. Why? Because references to more-realistic accounting would reveal vastly greater numbers and implicate both parties. -------------------- |
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Nov 26 2007, 10:53 AM
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 From Atlantis to Interzone Group: Global Moderators Posts: 2,512 Joined: 23-February 06 From: Somewhere in space and time Member No.: 65 |
QUOTE (Spectatrix @ Nov 26 2007, 09:18 AM)  This is probably old news to most of you, but I thought it was interesting... http://articles.moneycentral.msn.com/News/...ionsInDebt.aspx Sigh... heaven forbid they admit wrongdoing on their part. -------------------- QUOTE (Spectatrix @ Oct 13 2006, 09:51 PM) Holy shit, pebkac, you're awesome! "Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind." - Theodor Seuss Geisel (AKA Dr. Seuss) "An idea that is not dangerous is unworthy of being called an idea at all." - Oscar Wilde |
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