Quote from Landis82:
"The business cycle â accounts for 37 percent of the $2 trillion swing. Itâs a reflection of the fact that both the 2001 recession and the current one reduced tax revenue, required more spending on safety-net programs and changed economistsâ assumptions about how much in taxes the government would collect in future years.
Yeah, Bush inherited a recession. Its the first time I have heard a statist acknowledge that fact. Nicely done, Landis.