Some summary observations based on my understanding and supported by past blogs: By 2004, the U.S. budget deficit was out of control. Using Generally Accepted Accounting Principles (GAAP), the deficit of 2004 was $11.0 trillion versus a reported $412 billion cash-basis deficit. The true annual deficit is running about $5-7 trillion per year since 2004. … Continue reading The Fiscal Cliff
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed