Federal debt fiasco
Washinton Times Editorial

In its preliminary estimate, the Congressional Budget Office recently reported that the unified budget deficit for fiscal 2007, which ended Sept. 30, totaled $161 billion. That represented an $87 billion reduction from the 2006 deficit of $248 billion. Republicans in the White House and Congress pretended not to notice the inconvenient fact that the national debt increased by about $550 billion during the same 12-month period. How can this be?