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To: Ernest_at_the_Beach
Not a big surprise is it!

I guess these brilliant UC Berkely and other Marxist economists were having difficulty with the following math:

1) Spending increase required to maintain the status quo over four years given inflation and population increase (another story in and of itself): 21%

2) Actual increase in tax revenues over the same period: 28%

3) Actual increase in State expenditures over the same period: 36%

4) Reduce increases in projected State expenditures to 28% overall, and the projected spending deficit vanishes.

Source: State Controller candidate Tom McKlintock

I guess old Tom is not in the same league as these economists. </ dripping sarcasm>

36 posted on 02/07/2003 7:06:49 PM PST by Mad_Tom_Rackham
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To: Mad_Tom_Rackham
guess old Tom is not in the same league as these economists.

I think he is in a higher league!

37 posted on 02/07/2003 10:07:39 PM PST by Ernest_at_the_Beach (Impeach Gray Davis! (Disregard for now - he is still useful;) OK Recall him!)
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