The Blog of the Frances Perkins Center

Federal deficit found to be an accounting error

In Political world on April 1, 2010 at 8:21 am

The president had some positive news for the nation this morning in his breakfast address from the Rose Garden. “There is no deficit,” he said. “A CBO staff member had placed a negative sign in front of a large sum when transferring figures from another column.”

When asked the effect of this news on his plans, the president conceded that there was no need for the Fiscal Commission that he has recently assembled.

For more, read here.


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