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kallend

Bush's true deficit, $3.5Trillion

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I understand what the article is citing. It reports that the 2006 federal budget will be $3.5Tr in the red. How is that possible if the budget (expenditures) is not even $2.8Tr (est 2007 prop)?

http://en.wikipedia.org/wiki/United_States_federal_budget,_2007

Just some subtle issues that the article isn't really on target with:
Quote

is that Treasury essentially steals the money that comes in on Social Security taxes, without accounting for any offsetting Social Security liability



I thought it was Congress that did this and it was Treasury that executed the "plan".?

It seems to me that this report just doesn't count some of the money incoming to the government -- is it that simple?
So I try and I scream and I beg and I sigh
Just to prove I'm alive, and it's alright
'Cause tonight there's a way I'll make light of my treacherous life
Make light!

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