To: pompsander who wrote (760990 ) 4/5/2007 3:00:27 PM From: DuckTapeSunroof Read Replies (1) | Respond to of 769670 LOL! Aside from the HUGE war costs *not* being counted in the 'official' Bush deficit estimate, as you correctly pointed out, don't forget that these OTHER tricks are employed to try to keep the red ink numbers down: 1) Bush admin. officially projects that there will be NO CHANGES in the current AMT. So, (because bracket creep and inflation are beginning to sweep more and more middle class people into the Alternative Minimum Tax levy), his projections ASSUME tens of billions of revenue from this source --- and rising very quickly to much more. Take this crutch away from the projections, and the deficit rises fast. 2) The Bush deficit projections officially ASSUME that the Estate Tax returns in full-force at the old high rates, right on schedule. They assume ADDITIONAL tens of billions from this going forward. 3) The Bush admin. projections officially ASSUME the expiration of the 'Bush tax cuts' right on schedule in the coming years. (Thus: they assume the Capital Gains rate going back up to the graduated Income Tax rate... and the Income Tax Rates returning to their previous forms.) 4) They ASSUME huge cost containments in Medicare/Medicaid (that have never been demonstrated...), low ball the drug benefit cost projections by over $100 Billion over the next decade, easily... and make quite low assumptions for other areas of government spending, debt servicing, etc., etc. Take ANY of these assumptions away and the deficit is rising, not failing. Take several away, and their 'projections' are exposed as the laugh that they are. In short, the REAL federal deficit is NOT currently failing. It is still RISING. And, will in the next few years enter a period of terrible growth as demographic effects hit on top of all the above.