KRUGMAN WRITES THAT THE DISHONESTY OF THE BUSH ADMINISTRATION REACHES CONTINUALLY NEW HEIGHTS

Citing February's budget projections, Paul Krugman writes about the dishonest accounting practices of the Bush administration. In February, the White House budget office released projections for the expected yearly deficit, overestimating the eventual results in many economists minds. Krugman, and others, assert that this was a plan by the Bush administration that would provide the opportunity when the deficit numbers were actually lower to be able to say, "Wow! We are doing so much better than we had anticipated. See how much better the economy is getting!" While in reality, the deficit this year, regardless of whether it is higher or lower than anticipated, will be the largest single-year deficit of all time, eclipsing Reagan-era deficits two-fold! I'm sure the Bush-heads will attempt to spin these numbers in the best possible way. It just amazes me that their spin continues to fool the average American. let alone the average 'investigative journalist'!!