Shocker: Federal government’s fiscal deterioration almost 5 times official deficit « Hot Air

Shocker: Federal government’s fiscal deterioration almost 5 times official deficit « Hot Air: "In Fiscal Year 2013, the official federal deficit was $680 billion. Liberals have cheered this drop while subsequently ignoring how this deficit is both larger than all of Bush’s pre-recession deficits and is expected to grow dramatically over the next several decades.

However, the Treasury Department’s annual report on the finances of the U.S. federal government shows that not only is $680 billion an incomplete measure of the federal government’s finances, it’s off by nearly a factor of five."



'via Blog this'