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Politics : PRESIDENT GEORGE W. BUSH
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From: DuckTapeSunroof10/20/2005 6:29:47 PM
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Update: Washington would have you believe that the budget deficit narrowed to $319 billion in the fiscal year just ended September 30, down from the record $413 billion for fiscal 2004. But here's what's not factored into the reported budget deficit:

* $15.2 billion borrowed from the Military Retirement Trust
* $28.2 billion from the Federal Employees Retirement System
* $3.1 billion from the Federal Employees Life and Health Trust
* $8.7 billion from the Highway Trust Fund
* $9.2 billion from the Unemployment Trust Fund
* $2.3 billion from the Airport and Airways Trust Fund
* $32 billion borrowed from the Medicare Trust Fund
* Another $83.8 billion from other sources

Total amount of new borrowings that are unaccounted for: $182.5 billion!

Meanwhile, a new, out-of-control, spending-and-borrowing binge is in full swing: At least $200 billion for hurricane recovery, countless billions for an Iraq war with diminishing chances of ending, and new, unanticipated interest costs as rates rise....
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