Tuesday, September 07, 2004

The Press Misleads On The Deficit

The Budget office has released the current deficit of $422 billion dollars. No doubt a large deficit. But the press is reporting that this is the biggest deficit in history. That is a lie. It is not eh biggest deficit in real dollars, nor is it the biggest deficit in terms of percentage of GDP. Steve Verdon, a blogger, has done the homework the mainstream media is either to lazy or too biased to do. Read it here. This is why the internet is becoming an important alternative to the tripe reported by the mainstream press.


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