October 20, 2006 04:05 PM | | Bookmark and Share

On October 11, the Bush administration announced that the fiscal 2006 budget deficit is $248 billion. In reality the budget deficit is much larger. Including the $186 billion borrowed from the Social Security Trust Fund, it is $434 billion for fiscal 2006. That brings total federal borrowing over the past five years to $2,413 billion.

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