Quick, lend me $8,178.57. I'll pay it back, I swear.
See, today the Congressional Budget Office estimated the budget deficit by the end of the decade will balloon to $2.29 trillion dollars. Let's see that with all the zeroes.
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$2,290,000,000,000.00
With our current population of 280,000,000 this leaves the budget deficit at $8,178.57 per person. Bear in mind that the CBO is also probably reporting these figures optimistically because of its pro-Bush leanings.
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The inevitable rising price of oil, energy, and the costs of war could easily make these numbers significantly larger.
Bearing in mind that our national savings rate is negative and the average homeowner is in debt that is 8 to 10 times his or her annual income, I think you would be a fool – and also a terrorist – to dispute any claims that our economy is heating up.
[supply side bullshit]See, what will happen is that by engaging in exorbitent spending while cutting taxes, we'll make the economy grow so much that tax reciepts will increase dramatically. How do we increase tax revenue while cutting tax rates?
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Well you'd have to be a debunked economist to be able to understand it.[/supply side bullshit].
Because, really even if the economy (measured by GDP) grows 10% in the next decade as the proponents of these policies claim (which would be historically high growth), which is larger: 30% of $900 or 25% of $1000?
No pressure. Take your time. Use a calculator.