Bush Says '06 deficit Was $248B -- But National Debt Grew $574B (Chirolas)

Created by : Georgios Papadakis View profile

  William Chirolas -- World News Trust

  Oct. 31, 2006 -- Does anyone care that the real 06 Federal deficit -- the increase in the National Debt -- was $574 billion, and not Bush's claimed $248 billion?

  When will the media learn that The Bush Whitehouse "deficit" is very different from realty, and that reality is the increase in the National Debt from year to year?

  The Bush folks tell us -- and the media repeats without comment or analysis, that the Bush cut the deficit for last year down to $248 billion -- but they never mention that the Bush announced number is after a con job of accounting games.

  "On Oct. 11, 2006, President Bush Announced That The Deficit Has Been Cut In Half Three Years Ahead Of His 2009 Goal And That The FY2006 Budget Deficit Was $248 Billion."

  Here's the National Debt change -- numbers you may never see in our GOP controlled media:

  10/02/2006 $8,548,384,110,614.28, don't forget first day '07 inc. of $42B

  09/29/2006 $8,506,973,899,215.23, increased $574B

  09/30/2005 $7,932,709,661,723.50, increased $554B

  09/30/2004 $7,379,052,696,330.32, increased $596B

  09/30/2003 $6,783,231,062,743.62, increased $555B

  09/30/2002 $6,228,235,965,597.16, increased $421B

  09/28/2001 $5,807,463,412,200.06

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  William Chirolas brings 40 years of real-world business experience in local, state, national, and international tax, pensions, and finance to the world of blogging. A graduate of MIT, he calls the Boston area home, except when visiting kids and grandkids. He can be reached at:  [email protected]

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