John Williams’ Shadowstats.com reports today:
“Based on generally-accepted-accounting principles—or GAAP-based accounting—the 2012 consolidated financial statements of the United States Government showed a $6.9 trillion deficit for fiscal 2012, up from $4.6 trillion in 2011.”
I recommend a subscription to his service. It saves the rest of us time in wading through government statistics and their interpretation. You won’t find the mainstream media (MSM) making an issue of this.