Obama Deficit Plan | White House releases misleading figures for families ahead of Obama's deficit tour | The Daily Caller - Breaking News, Opinion, Research, and Entertainment

White House officials have unveiled a taxpayers’ “Federal Tax Receipt” website to goose publicity for a week of presidential speeches on the deficit, but the online receipt hides the president’s deficit spending and conceals the growing national debt.

The site, for example, shows that a family of three earning $50,000 in 2010 paid only $19 for interest on the national debt. But interest payments actually cost the nation $197 billion in 2010, according to the Congressional Budget Office. That’s roughly $657 per person, or $1,971 for a family of three, or 104 times what the White House website shows."