Monday 31 August 2009
So if you take a look at what the deficit would be under current real-life policies, and compare it to estimates under Obama’s proposed policies, what do you get? As the table below shows, the real-life deficit isn’t $7 trillion, it’s more like $11 trillion. And the Obama deficit isn’t $9 trillion, it’s about $10.5 trillion once adjustments are made so that it can be compared to CBO estimates on an apples-to-apples basis. So the bottom line is simple: properly accounted for, the deficit actually goes down when you compare Obama’s budget proposals to current policy, not up. Mother Jones ☀
