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  • Is the United States flat-out broke? Feds deny report

    06/06/2003 12:53:31 AM PDT · by JohnHuang2 · 13 replies · 165+ views
    WorldNetDaily.com ^ | Friday, June 6, 2003 | By Jon Dougherty
    When the government announced this year its publicly held debt was in the neighborhood of $3.6 trillion, it was quoting a figure that "ignores massive imbalances" in other mandatory spending programs – such as Medicare and Social Security – which actually inflate the national debt by a factor of 10, according to published accounts. Dallas Morning News columnist Scott Burns wrote June 1 that the government's debt is actually "a mind-numbing $43 trillion," hinting that data was left out of the current budget document because it may have hurt President Bush's chances to sell a tax cut to the American...