Take the presentation for what it is - a static example. The numbers on both sides change so rapidly that only a static example works....anything else is outdated in ten seconds.
CBO estimates say the deficit in 2014 is about $675B (4.1% of gap), projected to fall to $475B in 2015, which projects (however uncertainly) to 2.5% of gdp. Which is a number we can probably live with.
The trouble with cutting the way the zeros is they think the solution is taxing the rich to make up the difference (only trouble is there are not enough "rich" to do it and they generally just increase spending when more money comes in rather than cut debt).
11 comments:
This is old - like from January 2013 old - so the numbers are probably out of date, but it is a very effective presentation.
The spending figure looks like this year's, but the revenue figures are far below this year's.
Deficit figures for the last few years here, in news-report form. I don't know how exact they are.
Take the presentation for what it is - a static example. The numbers on both sides change so rapidly that only a static example works....anything else is outdated in ten seconds.
The numbers are probably from a projection from a few years ago. I'm guessing a projection for 2010 made some time in 2009.
CBO estimates say the deficit in 2014 is about $675B (4.1% of gap), projected to fall to $475B in 2015, which projects (however uncertainly) to 2.5% of gdp. Which is a number we can probably live with.
Cutting away the zeroes helps.
Especially the one married to Moochelle.
The trouble with cutting the way the zeros is they think the solution is taxing the rich to make up the difference (only trouble is there are not enough "rich" to do it and they generally just increase spending when more money comes in rather than cut debt).
In college, you can take a class on the history of rock and roll.
Removing the zeros really helps.
It should be $385, not $38.50.
Doesn't really change the underlying point, of course.
Post a Comment