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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (528423)	11/12/2009 5:09:32 PM
From: i-node	Read Replies (1) of 1577216

In January 2009, the CBO forecast almost $1.2 trillion in red ink for fiscal 2009 and $703 billion for fiscal 2010, but that came before the economic stimulus package Congress passed in February to kick-start the economy. The economic downturn at the time was projected to add $250B of shortfall to tax revenue...it's been worse than that... The point is that Ted referred to Bush's September 2008 budget, and you are providing a CBO forecast -- a totally different thing -- and one that took into account the money Bush spent to save the economy from RW's "depression". And it took into account knowledge of Obama's election. Bush's budget was nowhere nearly so large as any of Obama's budgets.

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