Posted on 09/24/2004 2:09:18 PM PDT by Deamay25
Check this out interesting piece on what's true and not on the defecit. Here's a sample:
Article here. Record Deficit? Well not really. Despite what many newspapers are reporting as "record deficits" the current deficit is not a record breaker. However, when adjusting all budget surpluses and deficits to 2000 dollars another picture emerges (Note: While the OMB has data back to 1789 I am looking only at data from 1940 onwards).
1. Highest Budget Deficit: 1943 $486.2 billion. 2. Second highest Budget Deficit: 1945 $456.8 billion. 3. Third highest Budget Deficit: 1944 $448.2 billion. 4. Fourth highest Budget Deficit: 2004 $383.7 billion (estimated).* So...is that big? Sure, but it isn't a record buster. In fact it is short by about $100 billion dollars. The first link above, the Seattle Post Intelligencer, is particularly misleading. Note this paragraph,
(Excerpt) Read more at myspinzone.randomdrivel.com ...
1. Highest Budget Deficit: 1943 $486.2 billion. 2. Second highest Budget Deficit: 1945 $456.8 billion. 3. Third highest Budget Deficit: 1944 $448.2 billion. 4. Fourth highest Budget Deficit: 2004 $383.7 billion (estimated).* So...is that big? Sure, but it isn't a record buster. In fact it is short by about $100 billion dollars. The first link above, the Seattle Post Intelligencer, is particularly misleading. Note this paragraph
Please don't post stuff from your own blog in activism/chapters.
Didn't mean to offend I thought it was a good article and it seems like good articles are posted here. I just didn't want to post and format the whole thing. Apologize if it bothered you.
Go ahead and post it - just don't put it into the Activism/Chapters sidebar - that's reserved for posts about direct activism.
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