Mitch McConnell stated over the weekend last year of the Bush administration, the deficit as a percentage of gross domestic product was 3.2 percent...McConnell only counts Q1 2008....Leaving out last 3 quarters of 2008 and Q1 of 2009.
July 19, 2010, 1:45 pm
The Bush Deficit Bamboozle
OK, even by contemporary standards, this is rich: the official Republican stance is now apparently that Bush left behind a budget that was in pretty good shape. Mitch McConnell:
The last year of the Bush administration, the deficit as a percentage of gross domestic product was 3.2 percent, well within the range of what most economists think is manageable. A year and a half later, it’s almost 10 percent.
They really do think that we’re idiots.
So, that 3.2 percent number comes from here (pdf). Where’s the bamboozle? Let me count the ways.
First, they’re hoping that you
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