Wednesday, February 04, 2004

An Information Deficit

"As a percentage of the gross domestic product -- which many economists consider a better measure than simple dollar amounts -- the currently projected deficit, at 4.2 percent according to the Congressional Budget Office or 4.5 percent according to the Bush administration, is equal to or smaller than those recorded in six years during the 1980s and 1990s (6.0 percent in 1983, 4.8 percent in 1984, 5.1 percent in 1985, 5.0 percent in 1986, 4.5 percent in 1991, and 4.7 percent in 1992). "

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