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Field of Dreams

Contributed by mm | February 9, 2004 10:53 PM PST



This Slate article revealed another example why this Administration fails in financial discipline: for the past three years, the Administration consistently promised higher revenues in the budget, only to see the real revenue "fall far short of expectations."

For Fiscal 2002, the Administration projected revenue of $2.19 trillion, but the actual revenue for the year is $1.85 trillion, or 15.5% below forecast.

For Fiscal 2003, the Administration projected revenue of $2.05 trillion, and the actual revenue is again 13% short at $1.78 trillion.

Now the same Administration looks forward to 13% revenue increase for next year. Will it really happen?

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Read More ... 70 Posts In The Same Category

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