Roy Cooper: “Over twice as large as the administration will admit. If the gentleman will yield for one more moment, the Director of…”

“Over twice as large as the administration will admit. If the gentleman will yield for one more moment, the Director of Office of Management and Budget, Josh Bolton, says the deficit is only $319 billion; it is actually getting smaller, it is turning up. He says the President in just a few years will cut the deficit in half. That is according to the cash basis. According to accrual, according to real accounting, guess what? The deficit is $760 billion, and getting bigger all the time. So it is going in the opposite direction from what Director Bolton says. So who do you believe, Director Bolton of the OMB, or the Secretary of the Treasury, John Snow? I think the American people need to know that both of these documents exist, both of them are official U.S. Government documents, put out by the Republican administration; but this is the one they have tried to keep hidden from the American people.”