Enron Accounting
The Federal deficit is widely reported as $390.1 billion, but that doesn’t include $235.3 billion “borrowed” from the Social Security tax surplus.
The real deficit is $625.4 billion dollars, more than half, $350+ billion, went to interest on the national debt.
Borrow and spend, and in an election year with the Republicans in trouble you know the pork is going to be packed into every bill.
We’re spending tens of billions on Iraq and Afghanistan, but they don’t put that in the budget. This is how they run businesses, so they are running the government the same way, quarter to quarter, hiding the real bottom line.
