> -----Original Message----- > From: Gruss Gott [mailto:[EMAIL PROTECTED] > Sent: Thursday, July 12, 2007 4:17 PM > To: CF-Community > Subject: This Round For Sam? > > According to this (biased) piece, the deficit has shockingly shrunk: > > The Bush Administration's midsession budget review, released > yesterday, estimates that the deficit will have shrunk by more than > 50% in three years: to $205 billion in the fiscal year ending this > September from $413 billion in 2004. As a share of the economy, the > budget deficit is expected to fall to 1.5%, well below the 40-year > average of 2.4%.
The only thing that scans as potential BS to me is the "50% in three years" statement... that _might_ (I've no evidence either way) that all we've done is get slightly more realistic after being HUGELY out of whack. Also why pick 40 years as the comparison point? Lastly there's the sticky question of whether or not the amounts have been adjusted for inflation. Like I said: I've no evidence of anything in either direction but when you set your own boundaries you can often make nearly any comparison come out in your favor. Jim Davis ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| ColdFusion 8 beta â Build next generation applications today. Free beta download on Labs http://www.adobe.com/cfusion/entitlement/index.cfm?e=labs_adobecf8_beta Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:238298 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
