Bending the Third Rail
Because We Should, We Can, We Do
Monday, January 30, 2006
"I Will Cut The Deficit In Half In 5 Years"
Chart Via Angry Bear

Remember those famous words from fearless leader? Ah ... Mr. Preznit ... wha happened?!

Also, I know most of you know this already but I think it bears repetition. The deficit numbers you hear from the administration, and swallowed whole by the media, are the "unified deficit" referenced above. That means that the Social Security trust fund ... money guaranteed to future recipients ... is included in the budget to counterbalance some of the deficit. The real budget deficit is "on-budget" deficit, currently running at around $600 Billion per year.
Written at 12:29 PM by Greyhair.
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