I see. Making up facts again. Typical.
Here's what the Fed says:
YEAR RECEIPTS OUTLAYS Surplus (Deficit) Cumulative Deficit
2001 1,991,194 1,863,895 127,299
2002 1,853,173 2,010,975 -157,802
2003 estimate 1,836,218 2,140,377 -304,159 -334,662
2004 estimate 1,922,025 2,229,425 -307,400 -642,062
2005 estimate 2,135,188 2,343,399 -208,211 -850,273
2006 estimate 2,263,159 2,463,663 -200,504 -1,050,777
2007 estimate 2,398,054 2,576,203 -178,149 -1,228,926
2008 estimate 2,520,923 2,710,517 -189,594 -1,418,520
Now assuming the estimates are right and ASSUMING GWB IS REELECTED (which you clearly are not willing o assume), the deficit should reach 1.4T by the end of 2008. A bit short of your 1.5T.
Now it may be higher than this because of the Medicare prescription drug coverage bill. I assume you want tht repealed to keep the deficit down right, you being such a deficit hawk.
SI is behaving very oddly. I can't get the columns straightened out. Hope this makes sense.
BUT YOU'RE WRONG. |
