How much is the current U.S. budget deficit?

[TNDemo]

I can't seem to find the amount by googling.

[Darkhawk32]

1. It's going to be hard to find an accurate number, considering...

that the war spending isn't included and we're borrowing from the Soc Sec surplus as well.

[sinkingfeeling]

2. Well are you asking about the projected deficit for 2007? The national debt? Or the

trade deficit?

Here's something to chew on.

Despite improvement in both the fiscal year 2006 reported net operating cost and the cash-based budget deficit, the U.S. government’s total reported liabilities, net social insurance commitments, and other fiscal exposures continue to grow and now total approximately $50 trillion, representing approximately four times the Nation’s total output (GDP) in fiscal year 2006, up from about $20 trillion, or two times GDP in fiscal year 2000.

http://www.financialsense.com/fsu/editorials/martenson/2006/1217.html

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53366

[no_hypocrisy]

3. It's commentary, but here are some figures used.

As for the budget (a cash-accounting format), he notes that "The actual deficit is nearly nineteen times larger than the reported $248 billion deficit."

And lastly, but certainly not least, the accrual-system of accounting shows that "Total federal obligations at year-end were $54.6 trillion, up from $50 trillion in 2005 ... $46.4 trillion in 2004 ... and $32.7 trillion in 2002."



http://www.kitco.com/ind/Daughty/feb142007.html

[IntravenousDemilo]

4. More than you can afford. n/m

[jakem]

5. that is ironic... as the amount is about a Googol.... nt