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Edited on Wed Jun-21-06 04:33 PM by brentspeak
I've read about Kilmeade before, but I've never actually watched him on TV -- until this morning, that is, when I caught a few seconds of "FOX Friends".
Here's Brian Kilmeade (who's actually, of course, just a host, not an economist) trying to convince the average Joe/Jane out there that Bush has indeed cut the budget deficit in half (paraphrasing): "They said that supply side economics wouldn't work; they said that tax cuts for the wealthiest Americans would just balloon the deficit. Well, guess what: they were wrong. Today, we find out that the amount of the deficit as a percentage of the GDP has decreased from 4.5% to 2.5%, almost half. So it looks like President Bush's economic policies are working."
:freak: :freak: :dunce: :dunce:
Someone should tell this buffoon Kilmeade that when people talk about "cutting the deficit in half", they're talking about cutting the amount of dollars owed in half. They're talking about $400 billion divided by the number 2; they're not talking about {($400 billion/old GDP)x 100} - {($400billion/new GDP) x 100} = percentage that sounds very impressive and scientific but is actually a totally bogus, B.S. number that means absolutely nothing.
FOX News = shameless GOP propaganda
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