What's the real federal deficit? - Mustang Evolution

Go Back   Mustang Evolution > Off Topic Forums > The Bar



Reply
 
Thread Tools Search this Thread
Please support our sponsors and let them know you heard about them here!
Old 06-06-2008, 03:36 AM   #1
Registered User
Regular
 
Brent's Avatar
 
Join Date: May 2003
Region: Tennessee
Posts: 11,873
What's the real federal deficit?

USATODAY.com - What's the real federal deficit?

Quote:
The set the government doesn't talk about is the audited financial statement produced by the government's accountants following standard accounting rules. It reports a more ominous financial picture: a $760 billion deficit for 2005. If Social Security and Medicare were included — as the board that sets accounting rules is considering — the federal deficit would have been $3.5 trillion.

Congress has written its own accounting rules — which would be illegal for a corporation to use because they ignore important costs such as the growing expense of retirement benefits for civil servants and military personnel.

Last year, the audited statement produced by the accountants said the government ran a deficit equal to $6,700 for every American household. The number given to the public put the deficit at $2,800 per household.
__________________

Reddit
Brent is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 06-06-2008, 07:16 AM   #2
Legacy Member
Legacy
 
MarkuzLS1's Avatar
 
Join Date: Jul 2004
Region: Alabama
Posts: 1,426
Send a message via AIM to MarkuzLS1
Re: What's the real federal deficit?

The government is way too important to be trusted to the politicians.
__________________

I like turtles.
MarkuzLS1 is offline   Reply With Quote
Old 06-06-2008, 07:53 AM   #3
Moderator Emeritus
Legacy
Regular
 
SpectorV's Avatar
 
Join Date: May 2003
Region: Alabama
Posts: 26,049
Send a message via AIM to SpectorV
Re: What's the real federal deficit?

we like blowing money...
__________________
2003 Cobra Vert (Redfire) #3938 of 5082 @ 05/27/2003
472rwhp/493rwtq -Modification List - Dyno Sheet
2012 Mustang 3.7L M6 (Kona Blue)
2011 Ford Edge Sport (Red Metallic)
SpectorV is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 06-06-2008, 11:58 AM   #4
Legacy Member
Legacy
 
wiarumas's Avatar
 
Join Date: Aug 2003
Region: Maryland
Posts: 1,738
Send a message via AIM to wiarumas Send a message via MSN to wiarumas
Re: What's the real federal deficit?

and pretty soon we will lack the economical power to make our own rules.
__________________

Please visit: TheEchoBoom: Gen Y Blog and Forum
wiarumas is offline   Reply With Quote
Reply

Lower Navigation
Go Back   Mustang Evolution > Off Topic Forums > The Bar

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Federal Income Taxes = teh suck bbunt302 The Bar 6 06-24-2006 09:16 AM
Is this real??? Brent The Bar 7 10-04-2005 11:16 PM
post your real name STEVE The Bar 68 11-05-2004 10:28 AM
Is This Real??? StangGt804 The Bar 8 08-22-2004 07:57 PM
Federal Judge orders Breakup of... BlueDonkey The Bar 4 01-14-2004 05:36 PM

» Like Us On Facebook



02:29 AM


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0

MustangEvolution.com is in no way associated with or endorsed by Ford Motor Company.