Big budget increases, or fuzzy math?


The Washington Post reports that President Bush has proposed a budget that increases spending by almost 8%.

President Bush will sign legislation this week setting a 2003 budget that raises federal spending by 7.8 percent over last year, capping a remarkable two years in which the federal budget increased by 22 percent.
This sounds damning, but a look at the numbers raises some questions.

They appear to have tax cuts listed as an expense to the tune of $1.5 trillion. Are they counted that as part of the budget increase? I don't see how letting Americans keep more of their own money can be counted as an expenditure. It also says there is an 'overall freeze in domestic spending', which is good, although look for liberal democrats to call that a 'cut'. The only increases listed are for defense, prescription drugs, and anti-terrorism.

I also note how the Post boldly labels their chart 'a record $307 billion deficit." I guess in terms of dollar amount, it is a record. However, in relative terms, as a percentage of the total budget, it is quite small at just under 3%.



      top   link me

(c) Ravenwood and Associates, 1990 - 2014

About Ravenwood
Libertarianism
Libertarian Quiz
Secrets o' the Universe
Email Ravenwood

reading
<Blogroll Me>
/images/buttons/ru-button-r.gif

Bitch Girls
Bogie Blog
Countertop Chronicles
DC Thornton
Dean's World
Dumb Criminals
Dustbury
Gallery Clastic
Geek with a .45
Gut Rumbles
Hokie Pundit
Joanie
Lone Star Times
Other Side of Kim
Right Wing News
Say Uncle
Scrappleface
Silflay Hraka
Smallest Minority
The Command Post
Venomous Kate
VRWC


FemmeBloggers


archives

search the universe



rings etc

Gun Blogs


rss feeds
[All Versions]
[PDA Version]
[Non-CSS Version]
XML 0.91
RSS 1.0 (blurb)
RSS 2.0 (full feed)
 

credits
Design by:

Powered by: Movable Type 3.34
Encryption by: Deltus
Hosted by: Bluehost

Ravenwood's Universe:
Established 1990

Odometer

OdometerOdometerOdometerOdometerOdometer