Tuesday, July 27, 2004

Two Trillion Dollars

That looks like this: $2,000,000,000,000.

That's how much the national deficit could increase under John Kerry according to a WSJ piece (paid subscription only) by Kevin Haslett. A quote from Haslett: "If we put the spending and tax sides together, the first budget that Mr. Kerry will submit would increase the deficit over 10 years by a minimum of about $1.2 trillion and, more likely, by well over $2 trillion. While a few smaller proposals from Mr. Kerry raise a little more revenue, they do not go anywhere near the level necessary to close the enormous gap between spending and taxes."

Yipes! And Kerry is supposed to be a deficit hawk that appeals to the economically clueless like Andrew Sullivan? Again, yipes.

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