The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: RetiredNow who wrote (259648)	7/9/2010 3:15:08 PM
From: Les H	Read Replies (1) of 306849

Out of a current projected budget deficit of $1.3 trillion, $700 billion, or 54% comes from the Bush era tax cuts, $320 billion (25%) from a tax revenue fall off caused by the Great Recession, $200 billion from the wars in Iran and Iraq (15%), and $50 billion (4%) is generated by Obama’s recovery measures. The TARP and the bailout of Fannie Mae and Freddie Mac are so small, they don’t even register on the chart. All of the angst, complaining, moaning, blustering, and carping is about the 4%. American Recovery and Relief Act of 2009 costs $ 787 billion over 3 years, $288 billion of which are tax cuts effective in only 2009 and 2010. For 2010, Obama's recovery measures cost $310 billion. en.wikipedia.org

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