Monday, November 08, 2004

Moving Target watch

Bush (hswib) stated deficit goal: "cut in half in 5 years." Analysts are looking at that. Fiscal deficit for fiscal 2004 was $413 billion. By that standard the goal would be a deficit of $207 billion for fiscal 2009. But the White House says that they are committing to half of an earlier projected deficit for 2004 of $521 billion. By this standard the goal for fiscal 2009 should be a deficit of $261 billion. For those into long-term bets, there's your spread.

No comments: