If the end point of the whole argument is that the worst recent deficit* in constant dollars was under George Bush the First (in 1992, shown as $318.4 billion in 1996 dollars), I will grant you that one, and Don is right in his statement.
However, this is a very different statement from "the largest [deficit] ever," as the quoted article said.
During the Reagan, Bush and Clinton years, there were at least seven times the deficit exceeded the $300 billion level(263.2 billion in the 1996 dollars of the chart). If it ends up $400 billion, I guess we'll see. I do know that damn few economic predictions have panned out in my experience.
*Obviously, we don't count WWII deficits in this context.
Current Events » in reply to Re: Exercise for the student: make sure your figures support your case and not your opponents
Re: Make sure your figures support your case and not your opponents
The whole thread (29 posts)
- Meanwhile on the economic front...
- ...Stocks climbed sharply on Monday
- Deficit grows worse than Bush expected
- funny, I thought things were going to hell in a handbasket
- Titanic orchestra
- But wait! Theres more!
- Oh, and I might Add
- I'm with you
- Re: funny, I thought things were going to hell in a handbasket
- Re: funny, I thought things were going to hell in a handbasket
- ...Stocks climbed sharply on Monday
