But wait, there's more! The U.S. Financial Report does not mention that if Medicare and Social Security are factored into the equation (which the Treasury Department did not), the true deficit was actually a whopping $3.3 trillion last year, over ten times more than Bush claims. And when Social Security projections are adjusted to reflect current life expectancies instead of the old 75-year mark, Cooper said the true national debt is "probably closer to $65 trillion."The Bush administration isn't truthful? Come on. Buncha partisans....
Sep 9, 2006
How Much Do We Really Owe?
Interesting article at buzzflash regarding the actual U.S. Federal debt and deficit.