Monday, June 17, 2013

Fraud or stupidity, what say you?

Not so long ago, the Congressional Budget Office (CBO) said it expected the U.S. government to register a budget deficit in the current fiscal year of $642 billion. But hold on a minute… The budget deficit so far (as of May 31, 2013) has already hit $626.3 billion, and we still have four more months to go in the government’s current fiscal year! Since the beginning of the U.S. government’s current fiscal year 2013, which began in October of last year, the government has posted a budget deficit in six out of the past eight months. The Department of the Treasury just reported the U.S. government registered a budget deficit of $139 billion for the month of May. The federal government took in $197 billion and paid out $336 billion for the month. (Source: Department of the Treasury Financial Management Service, June 12, 2013.) Comparing it to last year, May 2013’s budget deficit was 11% higher than that of May 2012. Zero Hedge
Everywhere I see the CBO and its followers committing massive fraud. They know we are in a debt spiral, they know the cause is government multipliers less than one. But the cowards would rather go down in denialism than be real scientists. Fraud.

1 comment:

Biti said...

I dislike between the government of fraud, facts are facts, personal spending and income transparency feel more and more important.
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