Why subtract 1/3 when 3/4 of the year ends in September? I would think 75% of the year would be more accurate, and without knowing what spikes there were in the 4th quarter, then i do not know how we can arrive at an actual number yet.
That being said, there has been an increase each year. In government math, a reduction is real when the rate of growth is reduced, not the actual numbers. At least, that is how they figure a cut in spending.
Absolutely right. I shouldn't stay up so late. That makes the annualized figures correct. Thanks!