GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: jttmab who wrote (28156)	10/9/2004 11:45:06 AM
From: Selectric II	Read Replies (2) of 173976

Well, then, for maximum stimulus and multiplier effect, all private property should be confiscated and the government should just support all of us, right? And, if you and your friends didn't have jobs, they wouldn't have sent those tax dollars to dc for government workers to spend at Pentagon City, right? The deficit is a tiny fraction of the economy: 4.2%, and the CBO projects to be cut by 1/4 in 2005, going down to 1.3% by 2014. The Budget Outlook The Congressional Budget Office (CBO) projects that under current policies, the federal deficit will total $477 billion in fiscal year 2004 and then decline to $362 billion in 2005 (see Table 1-1). Although that 2004 deficit would be a record in nominal dollars, it would represent a smaller share of the economy--4.2 percent of gross domestic product (GDP)--than the deficits recorded in the mid-1980s and early 1990s (see Figure 1-1). For the 10 years from 2005 through 2014, CBO projects that current policies would produce a cumulative deficit of $1.9 trillion, or 1.3 percent of total GDP over that period. cbo.gov

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