Largest Deficit in US History -- Without Adding War Costs

Some great highlights from an AP story on MSNBC regarding the amassing crisis of the deficit.

"The next president will inherit a record budget deficit of $482 billion, according to a new Bush administration estimate released Monday."

"But the numbers could go even higher if the economy performs worse than the White House predicts."

"The administration actually underestimates the deficit, however, since it leaves out about $80 billion in war costs. In a break from tradition — and in violation of new mandates from Congress — the White House did not include its full estimate of war costs."

Just to be clear, your government spent much more money than it took in, fudged the numbers so it wouldn't look as bad and despite the deception the budget was still the worst in history.

Reminds me of these charming graphs, be sure to remember this the next time someone tries perpetuate the myth of republican economic conservatism.