USAToday Analysis of Actual US Budget Deficit



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Topic: Science > Prophecies-Of-Nostradamus
User: "Perseid"
Date: 30 May 2007 01:05:54 AM
Object: USAToday Analysis of Actual US Budget Deficit
http://www.usatoday.com/printedition/news/20070529/1a_lede29.art.htm
Rules 'hiding' trillions in debt
Liability $516,348 per U.S. household
By Dennis Cauchon
USA TODAY
The federal government recorded a $1.3 trillion loss last year — far
more than the official $248 billion deficit — when corporate-style
accounting standards are used, a USA TODAY analysis shows.
The loss reflects a continued deterioration in the finances of Social
Security and government retirement programs for civil servants and
military personnel. The loss — equal to $11,434 per household — is more
than Americans paid in income taxes in 2006.
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