Bush Budget 2007

Look at the whopping deficit of $354B in 2007 with a cumulative deficit of $1.1 trillion in the last 3 years. For the first time in history the deficit touched 3.2% of GDP.

One more interesting thing is that the deficit goes down drastically after 2008 (a 12 year kid can crack the code).



Look at defense spending, almost touched half a trillion in this year’s budget. Also, look at the negative growth categories in the last 6 years – EPA, Labor, Interior; does it ring a bell?

This is what Krugman calls "revolutionary forces"...