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Thursday, May 24, 2012

Real federal deficit dwarfs official tally

http://www.usatoday.com/news/washington/story/2012-05-18/federal-deficit-accounting/55179748/1

Under those accounting practices, the government ran red ink last year equal to $42,054 per household — nearly four times the official number reported under unique rules set by Congress.
A U.S. household's median income is $49,445, the Census reports.

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