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".
Facts: look at the two columns...in current $$, the two columns represent the tax receipts followed by the outlays by year...the difference between the 2008 actual and 2009 est outlays is $1T, or roughly the TARP and a portion of the stimulus. Now look at the receipts...almost $400B in tax revenue lost as a result of the 2008 to 2009 economic contraction.
2000 2,025.5 1,789.2
2001 1,991.4 1,863.2
2002 1,853.4 2,011.2
2003 1,782.5 2,160.1
2004 1,880.3 2,293.0
2005 2,153.9 2,472.2
2006 2,407.3 2,655.4
2007 2,568.2 2,728.9
2008 2,524.3 2,982.9
2009est 2,156.7 3,997.8
And it took into account knowledge of Obama's election.
What idiocy is this now?
Al |
