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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (459829)	2/27/2009 6:07:03 PM
From: Tenchusatsu	Read Replies (4) \| Respond to of 1575420

Inode, > It is funny how the media doesn't think a deficit amounting to more than HALF that $3T Bush budget is that big a deal. Here's one thing I don't get. Remember that the deficit is the difference between spending AND revenues. Obama's total spending is going to be $3.5 trillion, about half a trillion more than last year. If the deficit is going to be $1.75 trillion, that means tax revenues are only covering half of the entire budget. That's quite a drop in tax revenue. What am I missing here? Tenchusatsu