Cooper Brings the Sunshine

Posted by Mary Mancini on August 15, 2006 under Uncategorized |

Congressman Jim Cooper (D, Tennessee) is releasing “a true picture of the U.S. deficit, including the cost of long-term commitments for social security and medicare,” in book form today. The Financial Report for the U.S., released with little fanfare by the Bush administration last December 15, includes a foreward by our Congressman who states that “it flatly contradicts most of the speeches that Washington Politicians make.”

For example, President Bush’s promise to cut the deficit in half in five years does not refer to the true deficit of $760 billion but to the reported deficit of $318.5 billion. This bears repeating…the true deficit is $760 billion. That’s billion with a “b.” The Bush administration is robbing the national treasury and it’s worse than we thought.

For more details, go see the Congressman today at 1:30pm at Davis-Kidd in the Green Hills mall.

UPDATE: Lou Dobbs of CNN to promote Cooper’s release of the report.