Yes, you read that right, and that’s before the crapulus bill the President plans to sign on Tuesday. World Net Daily reports:
[T]he American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.
The total U.S. obligations, including Social Security and Medicare benefits to be paid in the future, effectively have placed the U.S. government in bankruptcy, even before new continuing social welfare obligation embedded in the massive spending plan are taken into account.
The real 2008 federal budget deficit was $5.1 trillion, not the $455 billion previously reported by the Congressional Budget Office, according to the “2008 Financial Report of the United States Government” as released by the U.S. Department of Treasury.
The difference between the $455 billion “official” budget deficit numbers and the $5.1 trillion budget deficit cited by “2008 Financial Report of the United States Government” is that the official budget deficit is calculated on a cash basis, where all tax receipts, including Social Security tax receipts, are used to pay government liabilities as they occur.
Go do something nice for your kids, or any kid for that matter. They have no idea what they’re in for.
“Obama to Shift Focus
To Growing Budget Deficit
President to address federal deficit approaching $2 trillion when he unveils budget blueprint this month”
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Goofball doesn’t understand you’re supposed to look at your budget BEFORE you spend additional trillions of dollars. Pffffffft.
I plan to sponsor a Boy Scout for a year, one whose parents can’t afford dues. A kid I don’t even know. While Boyd Scouts is still allowed to exist. Because (a) liberals want to obliterate the Boy Scouts and (b) Scouts will teach them how to take care of themselves. They’re gonna need those skills. It’s $120 for a year. I can squeek that out. That’s my rebellion.
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D- I heard or read the same thing about The One and laughed out loud. Who is he kidding?
Good for you w/sponsoring a boy scout! Who needs government? Oh yeah-libs. They don’t know how to help their fellow man w/out high taxes and Big Bro doing it for them!
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