CBO Releases 'Off The Wall' Budget Estimates

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xvJaez

Ygmuidzf of IA 11:16AM July 15, 2009

http://www.lib.umich.edu/govdocs/stecgovt.html
Here is a interesting link. Gives deficits since 1900. Notice how when GOP's were in office deficits generaly went down.

Dave of IL 5:57PM June 30, 2009

I don't think the deficit will be $9.9T in 2009. I think the author meant to say the total of the deficits over the next 10 years are projected to be $9.9T.
The true deficit, though, is much higher than the $2T or so the CBO projects when it is calculated on an accrual basis, as the federal government requires businesses to do. It is only deceit - and an appeasing press - that allows our government to get away with the cash accounting method designed to mask the true deficit from public eye.
A table listing what the federal deficits actually have been, over the last 20 years or so, would be interesting reading, but I doubt that any of the press have the integrity to publish something like that.

Tedd Potts of KS 2:57PM June 29, 2009