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Surprise! Last Year's Deficit Actually $5 Trillion

Ken6226 Wrote: May 25, 2012 8:13 AM

"Obama is going down ONLY if Paul is nominated." Look at the polls, "genius". That proverbial ship has sailed. "If LEFTIST Romney is nominated, Obama INSTANTLY wins reelection." And you honestly think Ron Paul can do better? I have a piece of tropical beach property in the Yukon that might interest you.....

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Surprise! Last Year's Deficit Actually $5 Trillion

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 trillion....it 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...

Related Tags: Budget and Government Government Spending Paul Ryan Congressional Budget Office Washington D.C.