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Politics : PRESIDENT GEORGE W. BUSH
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To: DuckTapeSunroof who wrote (430069)7/21/2003 9:52:34 AM
From: Peter O'Brien  Read Replies (1) of 769670
 
>What happens if you treat the Social Security surpluses
>correctly and you take them out of the government's
>revenue calculation? The 2003 deficit burden on our
>economy immediately becomes 5.7% of GDP, the second
>largest in history.

This simply can't be correct.
During each of the WW2 years, the budget deficit
was 25-30% of GDP.

I'll admit that 5.7% is "large" by historical standards,
but it simply can't be "the second largest in history".
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