Money Magic
Re “Federal Shortfall Hits Record $374 Billion for Year; Critics Blame Tax Cuts,” Oct. 21: OK, so we predict the budget deficit will be $455 billion, then the federal government posts a $374.2-billion deficit in the fiscal year that ended Sept. 30. This is a major victory for the administration’s spin doctors. If we had predicted $325 billion, it would have been a major defeat.
Pat Mauer
Pasadena
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
