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http://www.nytimes.com/2009/02/20/us...dget.html?_r=0

WASHINGTON — For his first annual budget next week, President Obama has banned four accounting gimmicks that President George W. Bush used to make deficit projections look smaller. The price of more honest bookkeeping: A budget that is $2.7 trillion deeper in the red over the next decade than it would otherwise appear, according to administration officials.

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The new accounting involves spending on the wars in Iraq and Afghanistan, Medicare reimbursements to physicians and the cost of disaster responses.

But the biggest adjustment will deal with revenues from the alternative minimum tax, a parallel tax system enacted in 1969 to prevent the wealthy from using tax shelters to avoid paying any income tax.

Originally Posted by firstdown

So now Obama is claim credit for the college football playoffs. LMAO He is quick to take credit where its persumed good and blames everyone else when its bad. What leadership.

I think he was being funny bro. Romney claimed credit for the Patriots super bowls and the Red Sox championships. He too was being funny.