Deficit as of September 2 blew away 2003 and is second only to the deficit of 2004.

Treasury ^ | 9-7-05 | Babylon Today

[babylontoday]

As of 9-2-05 the U.S. deficit totaled over 7 trillion, 940 billion which is within 35 billion of the record deficit of 2004 and more than 10 billion more than the deficit of 2003. And cheerleaders like Larry Kudlow write "Psst the deficit is shrinking"!?!

http://www.babylontoday.com/deficit_2005.htm

http://www.babylontoday.com/index.htm#monthly_deficit

[hflynn]

Right, and tax cuts don't work.

[xcamel]

I'm not even going to waste any more time on you.

JAFT.

(just another f* troll)

[hflynn]

Hey thanks for giving me a headsup on the partisanship of the CBO. I just got this off CNNFN. Thank god it's BS

Katrina could cost 400,000 jobs -- CBO

Congressional Budget Office says storm could also knock up to 1 percent off economic growth.

September 7, 2005: 10:56 AM EDT

[remember]

Right, anything that disagrees with you is partisan, while anything that agrees with you is fact. Fact is the economy is expanding and the deficit as a percentage of GDP is shrinking and you know it.

What's important is the DEBT as a percentage of GDP. It is the debt, not the deficit, that we and our children will have to pay interest on forever. The following graph shows the latest CBO projections for the debt as a percentage of GDP:

The actual numbers and sources can be seen at http://home.att.net/~rdavis2/cbobud05.html. If the tax cuts and the fix of the AMT (Alternate Minimum Tax) are extended, the debt is projected to increase from the current 64 percent of GDP to 81 percent of GDP by 2015. Then the Boomers start to retire and our finances really get interesting (see http://home.att.net/~rdavis2/pro2006.html.