May 30, 2003

Instapundit links to blogger fiskings of the FT story on gigantic projected US gov. deficits. $36 trillion of the $44 trillion in deficits is a shortfall in medicare taxes needed to pay the medical costs of the Bill Clinton generation. Powerline points out that the Bush tax cut constitutes .008 percent of the projected $44 trillion tax shortfall.

Posted by Greg Ransom