That is interesting. It is a curious decision to count a tax cut as an expenditure, but if it helps make Obama look good, I can see why Mr. Klein would choose to do it.
So, playing by those rules, we'll let Mr. Klein count the Bush tax cut as a 1.8 trillion dollar expenditure. However, he doesn't include revenue. Starting in 2002, the revenue increased $3.6 trillion per year to $4.8 trillion per year by 2007. That is an average increase in revenue of $0.24 trillion per year or $1.2 trillion over 5 years. So, Klein's $1.8 trillion deficit from taxes should be a $1.2 trillion credit. Here is a graph for revenue: http://www.usgovernmentrevenue.com/downchart_gr.php?year=2000_2010&view=1&expand=&units=k&fy=fy11&chart=F0-total&bar=0&stack=1&size=l&title=&state=US&color=c&local=s Then, for Bush, Mr. Klein is using continuing costs for his totals yet health reform and entitlement changes only nets a 152 billion. Okayyyyy. J - Ninety percent of politicians give the other ten percent a bad reputation. - Henry Kissinger Politicians are people who, when they see light at the end of the tunnel, go out and buy some more tunnel. - John Quinton ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:341058 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
