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Politics : Foreign Affairs Discussion Group
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To: Neocon who wrote (114260)9/9/2003 6:36:02 PM
From: Noel de Leon  Read Replies (2) of 281500
 
"If there were a $304 billion deficit in the $2.23 trillion budget the percentage the 2004 Budget deficit will be 13.6%. During the entire 12 years of Roosevelt’s administration he NEVER brought the budget that low! The closest he ever came to getting the deficit that low was a 17% deficit in 1938, when supposedly the Depression was “over” and war had not started in Europe. In 1943, at the height of World War II, Roosevelt spent three times the money that was raised in taxes."

Pity. The budget deficit is greater than 455 billion or greater than 20.4%

You really should do your homework.

It's amusing that your source never mentioned Reagan's deficit. It also used the typical ruse of claiming that the Democrats were far worse than the Republicans as far as fiscal responsibility goes.

"The White House predicted Tuesday that the federal budget deficit would reach $455 billion this year - a dramatic widening over even recent estimates - because of slow economic growth, war costs in Iraq and the effects of tax cuts. The number far exceeds in dollar terms the previous record shortfall of $290 billion in 1992, though it is smaller, compared with the size of the economy, than the Reagan-era deficits."

iht.com
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