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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Steve Dietrich who wrote (102995)7/14/2007 5:16:24 PM
From: Peter O'Brien  Read Replies (1) of 173976
 
"massive"?

cbsnews.com

Economists often measure the importance of federal spending
and receipts by their size relative to that of the whole
economy. This gives them a feel for how well the U.S. can
bear its fiscal burdens, they say.

And as a percentage of the nation's gross domestic product,
the current deficit is manageable, according to the White
House. This year's estimated shortfall of $205 billion will
come in at 1.5 percent of GDP, lower than the 40-year average
of 2.4 percent.
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