The Columbia Journalism Review [1] takes on the left on the subject of the budget. The left keeps hamming that this a a recod deficit. In raw numbers? True. However, CJR goes on to point out:
“As a percentage of the gross domestic product — which many economists consider a better measure than simple dollar amounts — the currently projected deficit, at 4.2 percent according to the Congressional Budget Office or 4.5 percent according to the Bush administration, is equal to or smaller than those recorded in six years during the 1980s and 1990s (6.0 percent in 1983, 4.8 percent in 1984, 5.1 percent in 1985, 5.0 percent in 1986, 4.5 percent in 1991, and 4.7 percent in 1992). “
So as usual, Mr. Bush’s critics can’t be depended upon to tell the truth.