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Budget deficit

Real US federal budget deficit is in the trillions; Congress still playing numbers games

Friday, August 04, 2006
by Mike Adams, the Health Ranger
Editor of NaturalNews.com (See all articles...)
Tags: budget deficit, health news, Natural News

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(NaturalNews) The federal government declared a $318 billion budget deficit last year, but in reality it was over $3 trillion, according to government accountants.

"We've been hiding the bottom line from the American people," says Rep. Jim Cooper, D-Tenn., "It's not fair to them, and it's delusional on our part."

Congress uses "cash accounting" -- an accounting practice that would be illegal for any U.S. corporation -- in order to report a lower deficit publicly. This method is comparable to a checking account balance which shows the daily balance, but excludes payments to be debited such as bills. Similarly, Congress has not been accounting for outflow to programs such as Medicare and Social Security. Without these omissions, the U.S. budget deficit is well over $3 trillion.

Some Congress members are lobbying for change, arguing more accurate numbers are needed when making budget decisions and that honest accounting would encourage second thoughts before approving popular spending bills.

Though the House advocated a proposal to include long-term expenses in publicly announced budgets, the bill died when Senate and House members could not agree on the numbers.

Supporters of open accounting practices on Capitol Hill say it is time for Congress to be straightforward about accounting procedures, particularly when the viability of Medicare, Social Security and government pensions are being called into question.


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About the author:Mike Adams (aka the "Health Ranger") is the founding editor of NaturalNews.com, the internet's No. 1 natural health news website, now reaching 7 million unique readers a month.

In late 2013, Adams launched the Natural News Forensic Food Lab, where he conducts atomic spectroscopy research into food contaminants using high-end ICP-MS instrumentation. With this research, Adams has made numerous food safety breakthroughs such as revealing rice protein products imported from Asia to be contaminated with toxic heavy metals like lead, cadmium and tungsten. Adams was the first food science researcher to document high levels of tungsten in superfoods. He also discovered over 11 ppm lead in imported mangosteen powder, and led an industry-wide voluntary agreement to limit heavy metals in rice protein products to low levels by July 1, 2015.

In addition to his lab work, Adams is also the (non-paid) executive director of the non-profit Consumer Wellness Center (CWC), an organization that redirects 100% of its donations receipts to grant programs that teach children and women how to grow their own food or vastly improve their nutrition. Click here to see some of the CWC success stories.

With a background in science and software technology, Adams is the original founder of the email newsletter technology company known as Arial Software. Using his technical experience combined with his love for natural health, Adams developed and deployed the content management system currently driving NaturalNews.com. He also engineered the high-level statistical algorithms that power SCIENCE.naturalnews.com, a massive research resource now featuring over 10 million scientific studies.

Adams is well known for his incredibly popular consumer activism video blowing the lid on fake blueberries used throughout the food supply. He has also exposed "strange fibers" found in Chicken McNuggets, fake academic credentials of so-called health "gurus," dangerous "detox" products imported as battery acid and sold for oral consumption, fake acai berry scams, the California raw milk raids, the vaccine research fraud revealed by industry whistleblowers and many other topics.

Adams has also helped defend the rights of home gardeners and protect the medical freedom rights of parents. Adams is widely recognized to have made a remarkable global impact on issues like GMOs, vaccines, nutrition therapies, human consciousness.

In addition to his activism, Adams is an accomplished musician who has released ten popular songs covering a variety of activism topics.

Click here to read a more detailed bio on Mike Adams, the Health Ranger, at HealthRanger.com.

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