The real federal deficit weighs in at $760 billion by Jerry Reynolds

For those who have harbored doubts about the Bush administration's official statements of the federal deficit, a harrowing confirmation came in mid-April. The federal deficit for fiscal year 2005 was not $319 billion, the figure given for the official national budget. The federal deficit for fiscal year 2005 was, in fact, $760 billion, or $156,000 for every person in America.

The figure is found in the Financial Report of the United States Government, a rare document run to earth by nationally distributed Washington Post columnist David Broder.

posted by SARTRE @ 4/27/2006 04:31:00 AM