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Massaging the debt numbers: A fiscal house of cards« Thread

Daily newsbrief journal for June 2007, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


Massaging the debt numbers: A fiscal house of cards« Thread

Postby admin » Sat Jan 28, 2012 12:57 pm

Massaging the debt numbers: A fiscal house of cards« Thread Started on Jun 16, 2007, 11:58pm » --------------------------------------------------------------------------------Massaging the debt numbers: A fiscal house of cardsJun 6, 2007 10:36 AM, By Hembree BrandonFarm Press Editorial Staff read at source> http://southeastfarmpress.com/news_arch ... l-debt/Wow! Talk about an Excedrin headache — the news that each U.S. household’s share of the national debt is now at $516,348. Oh, and that’s in addition to the average household’s personal debt of $112,043.Go ahead, take several Excedrins.An analysis by Dennis Cauchon in the newspaper USA Today showed, when adjusting for all the government’s accounting subterfuges, our fiscally profligate Uncle Sammy piled up a $1.3 trillion loss last year. That boosted the total government liability to $59.1 trillion, of which your pro rata share is half a mill-plus.
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