Are we, as a country so blind as to be fooled by half truths? Are we simply so used to falsehoods, that we are trained to ignore deeper understanding?
I ask this because of the federal deficit. We will soon be told that the deficit has been cut in half again, and we will accept it as a very good thing. Unfortunately what reality tells us is a bit different. The Federal Deficit will be a little over $200 billion
this year vs. $400 billion last year.
ITS STILL $200 BILLION IN THE RED
Added to this is another scary reality....most of the savings came from manipulation of the social security fund, and we have to pay it back...to ourselves.
Deficit Falls to $205 Billion
Jul 11 08:52 AM US/Eastern
Quote:
WASHINGTON (AP) - The nation's budget deficit will drop to $205 billion in the fiscal year that ends in September, less than half of what it was at its peak in 2004, according to new White House estimates.
President Bush planned to discuss the figures in an afternoon appearance.
The new figure is considerably smaller than original estimates. In February, the White House predicted that this year's deficit would be $244 billion because of stronger-than-expected revenue collections. The deficit hit a peak of $413 billion in 2004 and was $248 billion last year.
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http://www.breitbart.com/article.php...show_article=1
Quote:
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Bush's deficit, call it deficit 'lite', counts borrowing from the 'public' (financial markets) but does not count borrowing from Social Security--which is huge. This ignores the fact that like public debt, Social Security contributions are actually an obligation that must be repaid. Most importantly, those funds should be helping to increase savings and investment in order to provide for the coming retirement of the large "baby-boom" generation. They should not be used for current government expenses
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http://zfacts.com/p/519.html
Apparently, he dropped the "lets fix social security" part of his platform.