David Fiderer: The Simple Arithmetic of Federal Deficits, A Counterpoint to The New York Times Analysis

Jun 12th, 2009 - The Huffington Post

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David Fiderer: The Simple Arithmetic of Federal Deficits, A Counterpoint to The New York Times  Analysis

"The Great Debt Scare is back," writes Robert Reich in response to a New York Times analysis of how the government's finances devolved into a "Sea of Red Ink." The Times' starting point is a Congressional Budget Office forecast, presented in January 2001, which showed a $3.5 trillion surplus accumulated over the 2001 - 2008 period.

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