Bush White House Hides True Scope of Federal Deficit
Wednesday, 30. July 2008, 11:01:41
Marketwatch and PRNewswire-USNewswire via COMTEX relates that the following is a statement by Richard A. Viguerie, Chairman of ConservativeHQ.com, regarding the White House projection of a $482 billion deficit for Fiscal Year 2009:
"The White House has issued figures indicating that President Bush and his enablers in Congress will leave his successor with a budget deficit of $482 Billion for Fiscal Year 2009, which is a record. How's that for a legacy?
"As shocking as this deficit figure is, that's still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.
"The real budget deficit is therefore $789 billion.
"The White House has issued figures indicating that President Bush and his enablers in Congress will leave his successor with a budget deficit of $482 Billion for Fiscal Year 2009, which is a record. How's that for a legacy?
"As shocking as this deficit figure is, that's still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.
"The real budget deficit is therefore $789 billion.
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