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Surprise! Last Year's Deficit Actually $5 Trillion

ConservativeSue Wrote: May 25, 2012 5:11 AM Mad....yes. I didn't need any debt that wasn't mine to pay off and neither did my kids. Thanks. B.O.

Since 2009, and since Senate Democrats last passed a budget, the Congressional Budget Office has calculated $1 trillion deficits each year with 2012 being no exception. But now, a new USA Today study shows that last year's budget deficit wasn't $1 was actually $5 trillion.

The deficit was $5 trillion last year under those rules. The official number was $1.3 trillion. Liabilities for Social Security, Medicare and other retirement programs rose by $3.7 trillion in 2011, according to government actuaries, but the amount was not registered on the...