Thursday, March 20, 2014

Actual deficit for 2013 closer to $1 Trillion, not $680 Billion

Who is prepared to deal with simple facts?

The Government Accountability Office (GAO) recently released its 2013 Financial Report of the United States government.

Fact:

Despite the Obama administration touting a budget deficit of "only" $680 billion in 2013, the GAO's more accurate accounting shows a total government cost of $3.8 trillion on total revenue of $2.8 trillion.

In other words- the administration wasn't exactly honest with the American people- the deficit was more like $1 trillion, not $680 billion.

Deduction:

The Obama administrationt LIED to us and the GAO has finally ponied up the truth.

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