Misleading Use of Deficit Figures - Reader comments at The New York Sun

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What They Would Do

Submitted by Matt Gardner, Nov 3, 2006 16:13

DeSena says: "The tax cuts generated windfall individual and corporate tax revenue this year that shrank the budget deficit by almost half, from $423 billion to $248 billion."

Actually, a big part of what shrank the deficit this year was using $186 billion in Social Security tax revenues to pay for current spending items like the Iraq war, tax cuts, etc. If you recognize this $186 billion for what it is-- a shell game-- and add it back, the real, overall deficit for this fiscal year is $434 billion. "Mission accomplished!"

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Other reader comments on this article

Comment	By	Date
I have to agree on the Sarbanes-Oxley (SOX) issue. Having had first-hands-on experience with its trickle-down at my workplace -... [MORE]	Paul Dimini	Nov 4, 2006 18:04
And that is exactly what the Democrats will get if they have their way. You know they will raise taxes, and... [MORE]	Ray Chuang	Nov 3, 2006 23:50
DeSena says: "The tax cuts generated windfall individual and corporate tax revenue this year that shrank the budget deficit by...	Matt Gardner	Nov 3, 2006 16:13
This article was a very educating experience for myself. I believe Mr. DeSena is on his way to a very... [MORE]	Brian Diminich	Nov 3, 2006 13:27
This article is filled with pertinent details and shows great understanding of the issues involved. [MORE]	John Savolaine	Nov 3, 2006 13:11
Marco Desena has written a superb article. His well thought out conclusions are both direct and relevant to this Tuesday's... [MORE]	Christopher Merola	Nov 3, 2006 15:04
Very well written article and articulate. Brings home a very good point. [MORE]	Paolo Alleva	Nov 3, 2006 09:36

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