Pretty much what I said... it is not primarily attributable to the Recovery Act ($100 b in lost revenue from tax cuts and $100 b spending)....but to entitlements (SS/Medicare), other mandatory programs (medicaid, UI, etc), Defense (includes Iraq/Afghanistan funding for the first time) and TARP.
SO you really havent explained your claim that it was due to Recovery act funding.
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Do you even understand that the biggest single piece of the Recovery pie is not spending...but tax cuts -- $288 out of $787... And yes, tax cuts impact the deficit as lost revenue. But both the tax cuts and the spending are spread out over 3 fiscal years.
Last edited by Redux; 02-18-2010 at 07:52 PM.
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