Budget deficits through June total over $1 Trillion dollars. I know Laughing Cat will blame it all on Palin.


I know this will turn into a partisan d!ck measuring stick, but I want to know a little more about how the numbers are actually counted. For example, the media likes to tout that AIG has received $180 Billion in "government bailout" help. But over $80 Billion of that was Treasury buying good, clean, interest paying assets. Treasury Dept should be earning a good spread on that deal at least...

So I wonder how much of this deficit figure inludes Treasury's "investments?" I know those investments "can" be real cash, so from a cash flow perspective, Treasury needs to borrow to get it done. But I guess I'll have to dig into the balance sheets to see how much has been "expenses" versus "investment". Seems the media never differentiates.