I never give them hell. I just tell the truth and they think it's hell. - Harry Truman
Saturday, June 14, 2008
The Federal Government Keeps Two Sets of Books
USATODAY.com - What's the real federal deficit?: "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."