Last updated December 2006

Please note the difference between the US National Debt (spining out of control above) and the
US Budget Deficit. Click on the links below for excellent articles on each from the Wikipedia.

US National Debt

The National Debt is the amount of money the government currently owes to others.
This is money the US government has had to borrow because it spends more than it receives.

US Budget Deficit

The budget deficit is the difference between revenue the government receives in a
given year and what it spends in that year.

A Trade Deficit occurs when a country spends more on imports than it earns by exporting goods and services.

BIG BLACK BOOTS chart prepared from US Congressional Budget Office Data

More detailed view of US budget deficit The 2005 figure looks good because of duplicity and slight of hand... fantasy based budgeting. Much of the cost of the Bush oil war and the war against Al Queda in Afghanistan was left out of the budget deficit figures because it was "off budget". Independent estimates are closer to the $427 billion figure in the first chart on this page. Bush is predicting a 2006 budget estimate of "only $296 B" Independent estimates of the 2006 budget deficit are all over the map... some approach $900 billion.

US National Debt Chart Click on chart to read more and to see a larger, more legible, version of this chart.

Question: Why does a site which sells boots on the internet have a page on the US Economy?

Answer: Someone has to do it. Since the corporate takeover of radio, TV and newspapers
in the United States this information is either not covered or it is propagandized.

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