$59 Trillion in the Hole (and Counting)
Jun 1st, 2007 | By Michael Shedlock | Category: Macro Economics
USA Today is reporting, “Taxpayers on the Hook for $59 Trillion”:
“The federal government recorded a $1.3 trillion loss last year -- far more than the official $248 billion deficit -- when corporate-style accounting standards are used, a USA Today analysis shows.
“The loss reflects a continued deterioration in the finances of ...read more
