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A reasonable number for the efficiency of the motor/inverter is about 80 p.c. Despite the recession of 1937-38, actual GDP within the United States was properly above its pre-Depression degree by 1939, and by 1941 it had recovered to inside about 10 percent of its long-run trend path. Still, its real dimension is masked by the fact that Bush has shifted $150 billion from the Social Security belief fund in an effort to make the shortfall look smaller. Both sums should be repaid, so the real amount borrowed is the $415 billion "nominal" deficit plus the $a hundred and fifty billion from Social Security or $565 billion. Add it all collectively--the "nominal" deficit, the stealth siphoning from Social Security, and the everlasting results of Bush's tax cuts--and the ten 12 months deficit explodes to a thoughts-boggling $7.9 trillion. Bush's tax cuts have not but been made everlasting. He ladled out some $630 billion in tax cuts to the highest 1% of income earners. If Bush is re-elected and the cuts are made everlasting, that may add another $3.2 trillion to the shortfall. Bush blew through Clinton's surplus in his first yr.
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