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You guys are such poor readers, that projection on unemployment was made prior to January of 2009, before anyone anticipated continuing layoffs and an economy that would be much slower in recovery. The point was, of course, that the ARRA did make a fair impact on unemployment no matter what total unemployment actually was.
And if you guys REALLY want to get into projections on economic performance....I can do that too...
"
Published: January 31, 2001
Even before the budget office disclosed the new surplus figures, administration officials said that President Bush's plan for a $1.6 trillion tax cut over the next decade and his calls for more spending on the military, health care and education could all be accommodated comfortably without any risk to the government's fiscal health.
''We are seeing a government that is awash in surplus money, even with an economy that is softening from where it used to be,'' Ari Fleischer, the White House spokesman, said.
Speaking after a meeting with Republican leaders at the White House, Mr. Bush said, ''Taxes must fit into a budget, which they will.''
The budget office's projections suggested that the government would be able to pay off as much of the national debt held by the public as is possible to redeem easily -- all but about $800 billion of the total $3.4 trillion in debt held by the public -- within the next decade."
SURPLUS ESTIMATE HITS $5.6 TRILLION - NYTimes.com
Which just goes to show that you pay no attention to anything that refutes your misinformation as once again you divert from the thread topic and ignore reality. Budgets project deficits but budgets aren't spending bills. Further TARP was a loan not an expense. Still waiting for why repayment wasn't applied to the Bush deficit? Further still waiting for an explanation as to whether or not a discouraged worker which exceeded 1.3 trillion a month in 2010 are unemployed people? Since they aren't counted guess they aren't and guess that 1.3 million is less than 750,000 in the liberal world since 750,000 is the liberal talking point as the 1.3 million discouraged on top of the counted unemployed is ignored.
By the way do you know what actually makes up the debt? Let me help you, public debt PLUS intergovt. holdings=debt and what we pay debt service on. I guess 250 billion a year isn't a big deal for you since it is someone else's money.