"We don't intend to turn the Republican Party over to the traitors in the battle just ended. We will have no more of those candidates who are pledged to the same goals as our opposition and who seek our support. Turning the party over to the so-called moderates wouldn't make any sense at all." - Ronald Reagan, Nov. 10, 1964

Study: Annual Deficit 3 Times Worse Than Reported

May 24, 2012   ·   By   ·   0 Comments

Even as Democrats and “Republicans” balked and squawked about cutting a paltry $1 trillion over 10 years in their worthless “debt deal,” you knew we had an annual deficit of more than $1.5 TRILLION, right? Which means the deficit racked up in one year wouldn’t even be cut over the course of 10 years…leaving the $15 trillion we’re already in debt plus the new $15 trillion in debt we’d accrue over those 10 years un-dealt with.

Well, as bad as that is, we now learn that the annual deficit is about 3 times worse than we have been led to believe.

From Newsmax:

According to the U.S. Congress, the federal government’s budget deficit last year was $1.3 trillion. According to a USA Today analysis, the true figure is an astronomical $5 trillion.

The reason: Congress exempts itself from including the cost of promised retirement benefits when computing the deficit, unlike companies which must include these commitments in financial statements.

Liabilities for Social Security, Medicare and other retirement programs rose by $3.7 trillion in 2011, but the amount was not included on the government’s books, the analysis found.

We simply must clean out the entire congress (and White House) of these socialist charlatans who are spending America into oblivion. Obviously, having an “R” after their name doesn’t mean squat, since “Republicans” control the U.S. House, and they agreed to the worthless waste of time know as the “debt deal” that brought the first-in-history downgrade of America’s credit rating.

America is too precious and unique to see these slavish bureaucrats destroy it on an altar of fiscal irresponsibility. If we want to preserve America, it’s time to ramp up the outrage of the American people. We have only ourselves to blame if we allow America to go down the toilet.

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Bob Ellis has been the owner of Dakota Voice, LLC since 2005. He is a 10-year veteran of the United States Air Force, a public writer for the past decade, and has been involved in numerous election and public policy campaigns for nearly 20 years, including a Tea Party leader and organizer since 2009. He lives in Rapid City, South Dakota with his wife and two children.
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"We don't intend to turn the Republican Party over to the traitors in the battle just ended. We will have no more of those candidates who are pledged to the same goals as our opposition and who seek our support. Turning the party over to the so-called moderates wouldn't make any sense at all." - Ronald Reagan, Nov. 10, 1964

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