Wednesday, September 8

The current deficit is not a record breaker

Deinonychus antirrhopus writes,
...if we look at deficits as a percentage of GDP this current deficit is even "smaller" in that it comes in as the 17th highest deficit. The years 1941, 1942, 1943, 1944, 1945, 1976, 1982, 1982, 1983, 1984, 1985, 1986, 1990, 1991, 1992 and 1993 are all higher as a percentage of GDP.
When will we hear this on the news? I think it's innumeracy as much as anti-Bush sentiment in the media. They similarly spout numbers not adjusted for inflation with regard to gas prices.

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