 With one set of words the deficit is $1,000 larger this year than with the other set of words.If it so chose, the government could say it was taxing you $1,000 this year and also, this year, borrowing $1 trillion from you for, say, five years, making a transfer payment to you this year of $1 trillion, and taxing you in five years an amount equal to principal plus interest on the $1 trillion and using it to pay principal plus interest on the $1 trillion it is now borrowing.With this alternative choice of words, the reported deficit is $1 trillion larger than with the first set of words.