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Politics : Politics for Pros- moderated
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To: carranza2 who wrote (126821)7/22/2005 11:10:19 AM
From: Elsewhere  Read Replies (1) of 793687
 
<Did you see Roubini's and Stetser's response to the article you cited?>

No, thanks for the link. Don't have time to counter it in detail, just one point:

<In relative terms, the budget deficit is about 6% of GDP which is huge.>

The projected 2005 deficit is 2.7%.

White House hacks projected budget deficit down to $333B
July 13, 2005
usatoday.com
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