Business

The Federal Deficit: The Real Number The Feds Aren’t Reporting

The real federal deficit is much worse than what’s being reported, according to a new report from USA TODAY.

“The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit,” Dennis Cauchon writes for USA TODAY.

That is, if the federal government operated under GAAP (Generally Accepted Accounting Principles) and the accounting rules legally required of major businesses, government debt is about $42,054 per household, which is almost four times the “official” number being reported by Washington.

Considering that the median income for the average U.S. household is about $49,000, we’d say that the “real” deficit numbers are pretty scary.

But why are the numbers different? Why does Congress report one thing while basic accounting rules report another?

“The big difference between the official deficit and standard accounting: Congress exempts itself from including the cost of promised retirement benefits,” Cauchon explains.

“Yet companies, states and local governments must include retirement commitments in financial statements, as required by federal law and private boards that set accounting rules,” he adds.

Under the accounting rules required of businesses, the national deficit in 2011 was $5 trillion. But under Congress’ “official” accounting rules, the national deficit was $1.3 trillion.

The Federal Deficit: The Real Number The Feds Arent Reporting

“Liabilities for Social Security, Medicare and other retirement programs rose by $3.7 trillion in 2011,” Cauchon adds, “but the amount was not registered on the government’s books.”

The USA TODAY report says the “fluctuations in the deficit” have not been dependent on whichever party controls the nation’s capital.

Here are some of the other things the USA TODAY report found [block quotes from the report]:

  • Social Security had the biggest financial slide. The government would need $22.2 trillion today, set aside and earning interest, to cover benefits promised to current workers and retirees beyond what taxes will cover. That’s $9.5 trillion more than was needed in 2004.
  • Deficits from 2004 to 2011 would be six times the official total of $5.6 trillion reported.
  • Federal debt and retiree commitments equal $561,254 per household. By contrast, an average household owes a combined $116,057 for mortgages, car loans and other debts.

“By law, the federal government can’t tell the truth,” Sheila Weinberg, an accountant for the Institute for Truth in Accounting, told USA TODAY.

Comments (89)

1 2
  • term limits for congress
    Posted on May 24, 2012 at 2:11pm

    We should recycle our government representatives more often. Until that happens, nothing will change.

    Report Post »  
    • drbage
      Posted on May 24, 2012 at 2:26pm

      Agreed. Until we get rid of voodoo representatives doing voodoo math and practicing voodoo economics, the only economy we will have is a voodoo one. We need representatives who represent the American people first, are proud to be an American citizen second, say what they mean and mean what they say third, and, finally, believe that common sense is a virtue.

      Report Post »  
    • loriann12
      Posted on May 24, 2012 at 2:35pm

      I wonder if they count the retirement benefits for exiting Congress members, and if they don‘t maybe we don’t have to pay it.

      Report Post »  
    • ProbIemSoIver
      Posted on May 24, 2012 at 2:42pm

      The article states: “By law, the federal government can’t tell the truth,”

      They didn’t tell us that the Federal Reserve Act of 1913 was a “loan/agreement” with the Global Elite.
      That was the year Income Tax began.

      The “representatives” didn’t tell us the truth about them being “employees” of a corporation.
      ( they actually become bonded private LLCs )
      http://www.youtube.com/watch?v=jOixE2ZFYtE
      here is some literature on what she said:
      http://www.teamlaw.net/history.htm
      Here is 100% evidence:
      “Representative Nancy Pelosi in Washington, DC is a private company categorized under Government Offices-Us. Our records show it was established in and incorporated in District of Columbia.”
      http://www.manta.com/c/mmnynbm/representative-nancy-pelosi

      They didn’t tell us that we declared bankruptcy and were pledged to a PRIVATE BANK for life in 1933 (Social Security began in 1936) or that they were seizing American’s gold to give to the Bank to try and absolve the debt.
      http://www.youtube.com/watch?v=IlCs7u1ihws

      They didn’t tell us that at the Bretton Woods Treaty that the Federal reserve transfered title of the U.S. to the IMF and World bank. They created the United Nations the next year.
      This explains why the UN has some much power over us:
      http://www.youtube.com/watch?v=WSzZAOQnYFI

      They didn’t tell us America was sold to “Investors” in 1992, the same year AGENDA 21 emerged:
      http://www.rense.com/general86/nomis.htm

      Report Post » ProbIemSoIver  
    • huey6367
      Posted on May 24, 2012 at 2:51pm

      @drbage

      I agree with you but what we also need are representatives with morals and principles. Representatives that will be held accountable for their actions (prison terms?). Maybe that will straighten them up – or clog our court system to the point of implosion.

      Report Post »  
    • ProbIemSoIver
      Posted on May 24, 2012 at 2:55pm

      Why do we tolerate Unaccoutable Liars that are destroying our Country and lives ????

      Don’t you think it is time to Throwoff such a “government” ???

      Report Post » ProbIemSoIver  
    • The-Monk
      Posted on May 24, 2012 at 3:36pm

      “That is, if the federal government operated under GAAP (Generally Accepted Accounting Principles) and the accounting rules legally required of major businesses, government debt is about $42,054 per household, which is almost four times the “official” number being reported by Washington.”

      OK, so why does the US Debt Clock show $50,200 for every US citizen and shows $138,528 for each US taxpayer?

      http://www.usdebtclock.org/

      Report Post » The-Monk  
    • cykonas
      Posted on May 24, 2012 at 5:07pm

      Agreed. Two terms for Senators. Three terms for Representatives. In addition I would like to see:
      ~ No pensions for elected officials. (They won’t be there long enough to “retire”)
      ~ An air tight balanced budget amendment with a fixed portion of revenues committed deficit
      reduction.
      ~ Repeal all current campaign finance reform. They only “reformed” public access to the information.
      ~ Complete and regular disclosure of every dollar raised for every campaign.

      But my biggest wish is that we had a strong viable third party in our Republic. I would love to see Bachmann, Paul (the elder), Palin, Paul (the son), Rubio, MItch Daniels, Coburn, Nikki Haley, Steve King, Gary Johnson, DeMint, and a handful of others to break away from the R’s and shake things up. We’re too far along in this election cycle for it to happen now, but what a Christmas present it would be if they did it right after the election.

      There is very little difference between the establishment (ruling) faction of either of our current parties. Personally I’m sick of the sham that we voters have any REAL choice most of the time.

      Report Post » cykonas  
    • Jaycen
      Posted on May 24, 2012 at 5:30pm

      Recycling representatives isn’t the problem. Finding good people to fill the positions is. Getting good people motivated to get off their butts to make a run is the problem.

      Oh, and don’t expect to walk out of your private business and get elected to the Senate the next day. That’s moronic. People must be willing and able to start at the bottom of the political ladder and work their way up.

      Report Post » Jaycen  
    • Freedom from liberals
      Posted on May 24, 2012 at 7:11pm

      Hey monk, I’ve seen this mistake made over and over and over again.. The article states federal debt when they were talking about the 1 year federal deficit. The average household portion of the deficit is 42k, The average household portion of total federal debt under GAAP is around 500k

      Report Post »  
    • db321
      Posted on May 24, 2012 at 8:00pm

      We really do have some of the dumbest Conservative Talk Show host, TV Personalities and Presidential Candidate on Economic issues. Allow me to prove my point.

      When Reagan ran for President – we were close to hitting a 1 Trillion dollar in US Debt. The Liberal said Reagan is going get rid of Welfare, SS Security and Medicare. Sound familiar!

      Reagan did what not one single Conservative mouth piece has never ever done and it won Reagan the Election.

      I totally agree with Reagan, when he proclaimed himself a “Compassionate Conservative Republican” I knew I had to vote for him. Reagan said, I promise not to cut one penny from what entitlement recipients receive, in fact he said he would raise the amount all Recipients receive on a monthly basic. Yes, all Conservatives at that time fainted.

      Then he said, ” Today (back in the 80′s) we are spending $47,000 per Recipient for Welfare. The average recipient for Welfare received $500 to $600 a month or around $6000 a year. We are wasting over $40,000 per recipient to deliver Welfare entitlements.

      I hope the light bulb just went off – today we are spending over a $100,000 per recipient to deliver Welfare to recipients receiving $800 to $1000 a month.

      I have been waiting for the Glen Becks, Rush Limbaugh‘s and Romney’s of the World to repeat the same logic. Tell me one Liberal that would agree that spending $100,000 a year per Recipient to send out Welfare checks to just one recipient.

      Shall I talk about S

      Report Post » db321  
    • encinom
      Posted on May 24, 2012 at 8:36pm

      @ProbIemSoIver
      Off your meds again? Typical tin foil hat wearing PAul-Bot, believing any crap that Alex Jones spews.

      Report Post »  
    • Unix
      Posted on May 24, 2012 at 8:42pm

      Decon Fogger is needed in DC to remove the cockroaches ‘en masse’….there is no paying down the deficits or debt ($170 TRILLION), the only way the illegal Fed can do it now is through massive inflation and devaluation of the dollar. I see stagflation on the near horizon, unless civil unrest hits or WWIII (Isreal v Iran) kicks in first. Hold on to your hats, it’s gonna get very WINDY!!!!!

      Report Post » Unix  
    • ProbIemSoIver
      Posted on May 24, 2012 at 10:29pm

      @ENCINOM

      Nice retort. It lacks any substance or ratiocination.

      You just make odious comments and can never bring a logical debate to the table.

      Which link do you challenge as being false?

      I would be more than happy to educate a media matters or pentagon disinfo shill.

      Besides, Alex Jones had nothing to do with any of those links with the exception of filming one of them.

      Tell me, who is your resource for reliable information ? lol.

      Infowars is a reputable news site.

      Can you cite one false story from there?

      I will wait for your reply. lol. clown.

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on May 24, 2012 at 11:18pm

      @ENICINOM

      My Thousands of hours of research had very little to do with infowars, but I was very excited a couple of weeks ago when did did a huge story on what I have been telling everybody.
      Thanks for reminding me. Retorting to me is not advantageous to your cause. lol.
      See what happens when you do? – more devastaing info that defeats your organization’s agenda:
      http://www.infowars.com/federal-reserve-banking-system/

      Report Post » ProbIemSoIver  
    • tharpdevenport
      Posted on May 25, 2012 at 3:51am

      DB321,

      Rush has. Levin has. I can’t recall if Beck has, but he’s addressed other equally important numbers.
      In fat, it was either Rush or Levin in the passed couple years that playedthe audio of Reagan saying that.

      Report Post » tharpdevenport  
    • rolla020980
      Posted on May 25, 2012 at 12:38pm

      @cykonas:

      The problem with what you are saying is that it would essentially create a 1-party system. Splitting Republicans into two strong parties will strengthen the left. If you have a 50/50 R/D now, you might have a 30/20/50 R1/R2/D split after this happened. I will not support anything that strengthens a single party… especially not the left.

      Report Post »  
  • MiCurmudgeon
    Posted on May 24, 2012 at 2:02pm

    I got something under my Medicare which cost the system nearly $500. I spent 5 minutes on the internet and found the Exact same thing for $180 and it was delivered to my home free where as I spent two hours locating the expensive item at a medical supply store in my home town.

    Report Post »  
    • loriann12
      Posted on May 24, 2012 at 2:34pm

      I have Tricare Prime (government insurance). They never paid for eye exams before, just had you send in your receipt and they reimbursed you. After Obama’s health care bill got signed, I sent in my $65 for an eye exam each for me and my son. I was denied becasue I didn’t go through their approved eye doctor. I called them, for the same exam, they wanted $160, and I would have to pay what they didn’t cover. I’ll keep going to the $65 one.

      Report Post »  
    • ProbIemSoIver
      Posted on May 24, 2012 at 3:02pm

      You almost smell like spam :p

      Report Post » ProbIemSoIver  
  • D-Fence
    Posted on May 24, 2012 at 2:01pm

    Does this surprise anyone? It shouldn’t, they’ve been changing the rules under both the Democrats and Republicans for years. I’m disgusted with all of them.

    Report Post » D-Fence  
  • kevymac
    Posted on May 24, 2012 at 1:58pm

    I’m shocked!!! You mean to tell me that now I‘m collecting Social Security that there isn’t an account set up in the SS Trust fund with my name on it which shows all of the contributions that I and my employers made to this fund? Do you mean to tell me that all my contributions have been funding the daily spending of the Federal Government. I’m aghast that the politicians have created a Ponzi Scheme. Why hasn‘t Holder called for an investigation of the past 200 congresses and why haven’t they been indicted?

    Report Post » kevymac  
    • Seede
      Posted on May 24, 2012 at 2:20pm

      Hey KEVMAC
      Didn’t the DC gangsters just put Bernard Madoff away for 150 years for doing the exact same thing that the DC gangsters have been doing for years? In fact the same bunch that slapped Madoff’s hands are the same crooks that are in power today. And they don’t understand why we hate this bunch so much.

      Report Post »  
    • confederacyofdunces
      Posted on May 24, 2012 at 8:32pm

      Social Security cannot be called insurance according to the courts because for it to be insurance you would have to have a vested interest. Since the Government has no obligation to pay you one thin dime you have no vested interest. Hence it is not insurance. It is old folks welfare without means testing. I should know.

      Report Post »  
  • mcsledge
    Posted on May 24, 2012 at 1:52pm

    Congress jumps when they hear JP Morgan’s investment loss embarrassment of $3 Billion. What about their failed handling of trillions of tax payer dollars over time. Congress is the ultimate hypocrit.

    Report Post » mcsledge  
  • JimL
    Posted on May 24, 2012 at 1:45pm

    Don’t forget to account for the inverted demographic “solution” (saving mommy earth from her unwanted/ parasitic children-mynkind)
    Each succeeding me-generation will be smaller (fewer tax payers to support more entitled).
    Feel good that fusion and robotics and bioengineered super heroes are on the way?

    Report Post »  
    • Puddle Duck
      Posted on May 24, 2012 at 2:38pm

      Agenda 21 calls for a rapid de population of the planet from current levels to 500 million souls. I would imagine an “all of the above” approach to achieve this end has already been widely discussed within the leftist/enviro nazi movement.

      Report Post » Puddle Duck  
    • JimL
      Posted on May 24, 2012 at 2:59pm

      .5 billion– wow. I understood (NYTimes 2008 Enviro websites) the target was 2 billion (7 of 9 to vanish).

      Report Post »  
  • huey6367
    Posted on May 24, 2012 at 1:39pm

    Well, it’s official, we’re screwed. Honestly, do you really think the country will ever be able to get to a zero balance? I did calculcations when the national debt was $15 trillion. If $1 was paid every second to reduce the debt, it would have taken around 450,000 years to pay off the debt. Now the debt is approaching $16 trillion and they want to raise the debt limit. To really reduce the debt they have to reduce the size of government and get people dependent on themselves. It is extremely difficult to take things away from people once they have become dependent on them and a lot of people have this mindset that the government will do things for them so they don’t have to rely on themselves. That is how we got here. And, to be a pessimist, I don’t see us returning to the “way things were”. Take a look at Russia. Everyone relied on the government (Communism) then the iron curtain fell. People didn’t know what or how to do anything. They are still trying to find a way over there.

    We’re screwed.

    Report Post »  
  • moreteaplease
    Posted on May 24, 2012 at 1:38pm

    By law, the federal government cannot tell us how much of OUR MONEY they have taken from us? How convenient for them. So going by the chart, I guess we already know what the figure for 2012 is going to be.

    Report Post » moreteaplease  
    • hidden_lion
      Posted on May 24, 2012 at 3:26pm

      since all dollars are just imaginary money anyway, I should just imagine myself a millionaire. All I have to do is add a few zeros. Isn’t that all the fed does?

      Report Post » hidden_lion  
  • Mike Benton
    Posted on May 24, 2012 at 1:38pm

    I am part of the problem:• When I got “free shoes” from Medicare because a doc said that as a 70 year old diabetic I had a right to them. I got a “bill” via AARP’s monitoring system and they cost you nearly $500.00 !! I called Medicare to complain and got into a discussion about it that went in circles until the bureaucrat said: “… you got the damn shoes didn’t you!”.
    Consider this: Had I still been working for my company of 30 years I would have called HR and I can be sure that person would have jumped in someone stuff! (Sadly, I might not have seen the bill sent to my company’s bill…but people should)

    So now you chose: which of these two do you want in your health care system?

    Incidentally, two of three foot doc’s I talked to after this exchange told me the free shoe thing is a great scam. But your government is paying them!

    Report Post » Mike Benton  
    • loriann12
      Posted on May 24, 2012 at 2:39pm

      It’s like the “free” motorized scooter that everyone on Medicare is qualified for….

      My insurance company would cover special shoes for my neuropathy (cancer related, but similiar to diabetic) but I had to go to a special shoe store. I went to New Balance and paid $300 but got 2 pairs of shoes (sneakers and sandals) and inserts that I can wear in any shoe. I’d rather pay myself than pay 3 times as much because I went to someone who lets the government pay them more.

      Report Post »  
  • SREGN
    Posted on May 24, 2012 at 1:33pm

    Time to go Galt.

    Report Post »  
  • SgtB
    Posted on May 24, 2012 at 1:31pm

    Where are they getting these numbers? 42K per household? Really?!? If I’m right, then we are currently in a national debt (excluding the soc. sec. trust fund and all forward looking liabilities) of >$15,000,000,000,000. If you divide $15,000,000,000,000 by 320,000,000 (~ number of people in the U.S.), then you get… drum roll please… $50,000 per MAN, WOMAN, AND CHILD! That is a far cry from the household debt they state.

    OHHHH! I get it! They are trying to make it look bad, but not as bad as it really is by talking exclusively about a single year’s deficit spending.

    Report Post » SgtB  
  • ProbIemSoIver
    Posted on May 24, 2012 at 1:29pm

    Unreal !!!!

    We have been Bankrupt since 1933 !!!!

    EVERY DIME you pay on INCOME TAX goes to the old debt !!!!!

    Who Cares about the BS Numbers when the BOTTOM LINE is that for our government to stay solvent, it has to BORROW “money” (notes) with INTEREST from the PRIVATE BANK called the FEDERAL RESERVE !!!!

    We WILL NEVER PAY ON THE PRINCIPAL, so why debate BS NUMBERS ?????

    We are DEBT SLAVES by DESIGN !!!!!

    Wake the F#@K up, people !!!!!!!

    Report Post » ProbIemSoIver  
    • SgtB
      Posted on May 24, 2012 at 1:32pm

      I’m awake and in total agreement with you.

      Report Post » SgtB  
    • lukerw
      Posted on May 24, 2012 at 1:46pm

      It’s FUBAR! Even if it could be Fixed… there would be defacto Slavery!

      If you go back to the American Revolution… with Defined & Sealed Borders… they Started a System, ANEW!

      Report Post » lukerw  
  • blazingaway
    Posted on May 24, 2012 at 1:24pm

    It’s time to tell China and the rest of the world they are GM bond holders … so sorry, so dad but that’s the risk you assumed when you bought the paper. I think given all of the technology they’ve stolen from us, the “F”ed up trading deals we’ve agreed to so as to keep free trade alive between our nations but that they refuse to play by balanced rules along with the foreign aid and keeping worlds shipping lanes and air space free and open that our national debt should just about make it even. China plays the game by their rules … well we can too if they want to make it a one way street.

    Report Post » blazingaway  
    • SgtB
      Posted on May 24, 2012 at 1:40pm

      I’d agree to that! IF our own government has proven that bond holders have no legal right to compensation when a corporation goes bankrupt, then all of our national debts can be erased under the same thought. It might even help us in the future because all of the prospective creditors would deny us a loan. Kinda like forcing a crack addict off of crack by proving to his dealer that he can’t pay for his fix.

      Report Post » SgtB  
    • theaxiom
      Posted on May 25, 2012 at 2:25am

      Add your comments

      Report Post »  
  • 3katmomma
    Posted on May 24, 2012 at 1:16pm

    Remember, Social Security was originally only for retired individuals (and their spouses) over the age of 65. Why did they pick that age? Because most people were dead by age 63. Also, benifits were NOT given to disabled, children, etc., all the others that now benifit from this entitlement program. Just think, if Social Security was still playing by the original rules, it would be solvent.

    Report Post »  
    • SgtB
      Posted on May 24, 2012 at 1:37pm

      No, it wouldn’t! You see, the original social security beneficiaries NEVER paid into the system. But that wouldn’t matter anyway because the government is mandated to take ALL soc. sec. payments and convert them to federal bonds. The reality of these bonds is that they are issued to pay off gov’t debt. So ALL of the “trust fund” is really debt. When the bonds come due, the regular taxpayer pays back the principle plus interest on the amount of the bond. So you see, a national system of federal bond sales is the financing of debt from one generation to the next. Or, in other words, it is the enslavement of future generations to your debt. Social security never worked and it never will unless we allow ourselves to fall back into the era of slavery as a moral activity. Then I guess it could work. But I’ll die before that day happens.

      Report Post » SgtB  
  • MONICNE
    Posted on May 24, 2012 at 1:13pm

    I think that amount of debt is a bargain based on the great equity we enjoy as proud stakeholders and loyal members “Club USA!”

    And, fact is, as a country, united to the outcome, if we REALLY wanted to pay it down, we could.

    TEA – lets work on reducing that debt!

    Report Post » MONICNE  
    • Gonzo
      Posted on May 24, 2012 at 2:07pm

      I actually agree with part of that, nut job. I would gladly stroke a check for $42,054 tomorrow if I was guaranteed that EVERYONE else would do the same and that the federal and state government would never again run a deficit. As The Who said, I’d call that a bargain, the best I ever had.

      Report Post » Gonzo  
  • Baddoggy
    Posted on May 24, 2012 at 1:11pm

    2013 would be a good year to see politidians hanging from trees by a noose…This is treason, that is all you can say.

    Report Post » Baddoggy  
    • SgtB
      Posted on May 24, 2012 at 1:41pm

      Why not 2012?

      Report Post » SgtB  
    • Mutiny
      Posted on May 24, 2012 at 2:11pm

      @SG

      Well 2013 is better. The GOP can see a patsy candidate in Romney get destroyed by Obama. Then we will all see the crushing hammer of communism. After that we will decide either to be slaves or fight for freedom. Maybe then we will be united.

      Report Post » Mutiny  
  • JimL
    Posted on May 24, 2012 at 1:10pm

    To hold on to entitlements (money for nothin’) we have to let go of the means of production, freedom.

    There is option…but no leader will emerge so there’s really no reason to discuss..

    Report Post »  
  • Gonzo
    Posted on May 24, 2012 at 1:09pm

    Canada will have an illegal immigrant problem soon… with all of us destitute Americans sneaking across their border to mow their lawns and shovel their snow.

    Report Post » Gonzo  
  • cowbob1979
    Posted on May 24, 2012 at 1:08pm

    This report is so scary. You know the rest of the media won’t cover it, and if by some chance they do they will blame bush of course. Pitch forks any body?

    Report Post »  
  • seeker9
    Posted on May 24, 2012 at 1:08pm

    You ain‘t seen nuthin’ yet!

    Report Post » seeker9  
  • nobull14
    Posted on May 24, 2012 at 1:06pm

    Soon you will be using the dollar for toilet paper ? because you will not be able to buy the real thing with are money. !!!!!!!

    Report Post »  
  • jackact
    Posted on May 24, 2012 at 1:04pm

    Let us to consider, very seriously, repealing the 16th amendment to the US Constitution, replacing the IRS with The Fair Tax Act, shut down the federal reserve permanently.
    Then hardworking taxpaying Americans will never have to hear about the ‘pure genius’ of Alan Greenspan, Bob Bernacke and “tiny” Tim Geithner ever again!

    Report Post »  
    • SgtB
      Posted on May 24, 2012 at 1:45pm

      I love the Fair Tax Act!!! Get rid of the entire system that allows government to claim a higher right to my labor that even myself! The income tax is slavery or if you prefer, permanent indentured servitude. It should be banned and anyone who supports it should be branded so we know who they are. I know that last part was a little yellow star’ish, but this is discrimination based upon belief and not something arbitrary like skin color and I’m not talking about putting people in ditches like Mao.

      Report Post » SgtB  
    • Obama_Sham
      Posted on May 24, 2012 at 2:23pm

      I like a consumption tax better. However, the flat tax is better than the progressive tax system.

      Report Post » Obama_Sham  
  • ThePostman
    Posted on May 24, 2012 at 12:58pm

    “Federal debt and retiree commitments equal $561,254 per household.”

    50% of American households can’t even pay taxes, much less their part, so double it for the rest of us that can pay, 1M$ per every tax paying family. I don’t know about you, but I refuse to pay my share. So I need one of you to step up the the plate, be patriotic, and pay my share too. 2M$. Suckah.

    Report Post »  
    • knockered
      Posted on May 24, 2012 at 1:07pm

      Nothing new here just more deception and lies from the government. We need big changes and fast. Never trusted the aholes and lately glad I lived my life that way. What turned me off in the 60′s is still there today only worse. Fire them all and start over again only this time keep a closer eye on the baastards.

      Report Post »  
  • Obama_Sham
    Posted on May 24, 2012 at 12:58pm

    “government debt is about $42,054 per household,”

    This just in… Any household bringing in more than $42,054 is part of the ultra rich 1% and needs to pay their fair share being 100% taxes on all income…

    Report Post » Obama_Sham  
    • JimL
      Posted on May 24, 2012 at 1:11pm

      noncooked book debt is 10x

      Report Post »  
    • trappedinwv
      Posted on May 26, 2012 at 11:57pm

      This just in, everyone making over 42k a year just moved to mexico.

      Report Post »  
  • lukerw
    Posted on May 24, 2012 at 12:56pm

    Exactly!

    Report Post » lukerw  
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