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November 28, 2007

Another reason to be an Indie

Remember the Bush administration crowing about how they'd reduced the federal deficit? Yeah... more lies, aided and abetted by both sides of the aisle:

Consider the proud trumpeting that came from Washington at the close of fiscal 2007. The deficit for the unified budget was, politicians crowed, down to a mere $162.8 billion.

In fact, our government is overspending at a far greater rate. The total federal debt actually increased by $497.1 billion over the same period.

But politicians of both parties use happy numbers to distract us. Democrats routinely criticize the Republican administration for crippling deficits, but they politely use the least-damaging figure, the $162.8 billion. Why? Because references to more-realistic accounting would reveal vastly greater numbers and implicate both parties.

Posted by Kevin at November 28, 2007 08:00 AM