Real Budget Deficit: $4 Trillion: Federal Government Bankrupt, Say Economists

Excerpt:  The real 2007 federal budget deficit was $4 trillion, not a previously reported $163 billion, an economist contends, based on data from the Treasury Department's annual financial report."The federal government's fiscal woes continue to careen wildly out of control," said economist John Williams, who publishes the Internet website Shadow Government Statistics. Read More