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The Daily Dish | By Andrew Sullivan

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Saved by 23 people (-7 private), first by anonymouse user on 2007-07-25


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Now let's fast forward to the end of fiscal year 2009, which ended on September 30. According to CBO, it ended with spending at $3,515 billion and revenues of $2,106 billion for a deficit of $1,409 billion. To recap, the deficit came in $223 billion higher than projected, but spending was $28 billion and revenues were $251 billion less than expected. Thus we can conclude that more than 100 percent of the increase in the deficit since January is accounted for by lower revenues. Not one penny is due to higher spending...

I continue to believe that the Republican position is nonsensical. Final proof is that the previously cited CBO report shows total federal revenues coming in at 14.9 percent of the gross domestic product in FY2009.

Highlighted by chasjo

I'm sure Obama will do well - but I fear he cannot surpass expectations of a small national lead. The question today is whether her victories are too crushing for Obama to come back on February 12.

Highlighted by mrmoogshoes

Sometimes, I feel much happier when my views or arguments are thoroughly rejected, rather than accepted.

Highlighted by baoanngu