Actually, it would be the fourth largest deficit of all time. Here's the top five:
2004 (George W. Bush) $413 billion
2003 (George W. Bush) $378 billion
2005 (George W. Bush) $318 billion
2006 (George W. Bush) $296 billion (projected)
1992 (George H. W. Bush) $290 billion
When President Bush came into office, he inherited a surplus of $284 Billion. At that time, the Bush administration predicted a $516 billion surplus for 2006."
-- From ThinkProgress
"This will be the third year in a row that the administration put forth relatively gloomy deficit forecasts early on, only to announce months later that things had turned out better than expected. To some skeptics, it's beginning to look like an economic version of the old "expectations" game.
....To divert attention from [a worsening fiscal situation], critics suggest, the administration has borrowed a gambit favored by political candidates, who commonly try to lower expectations about how they will fare to magnify the apparent size of their victory if they win.
In the case of the budget, they say, the administration has begun to low-ball its revenue estimates at the beginning of a budget cycle to set up good news a few months later."--Joel Havemann, LA Times
Reinforcing what I wrote yesterday. It is so obvious. I wonder how it's playing on MSM for the general consumption?
On NPR this morning, there was a failed attempt at seeming balanced: Dubya was allowed a full clip of his 2000 jokingly hehe, ugly characterization of Al Gore using "fuzzy math".
Does anyone still think he is clever? (Dubya certainly never needed math when he broke the law with his Harken stock play, or his other failed business ventures that he always managed to walk away from with personal profit.)
Just heard this, Bush's War is costing American taxpayers $3 Billion a week, up from the reported $1 Billion a week it was costing us in the first year.
My Fuzzy Math Question for the day: Why is the Bush War costing us so much more, now, when it is all going so well?
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