- Removing the revenue from the Alternative Minimum Tax reform. Despite the yearly and almost certain Congressionally authorized "patch" to the AMT, the White House would always presume the AMT would not be corrected for that fiscal year, overstating revenue.
- Including the cost of the Iraq and Afghanistan wars.
- Count as spending the Medicare reimbursements to physicians
- Include expenditures related to disaster response and relief.
It's going to be scary as hell, at least for those who pay attention to such things (the vast, vast majority of the American public don't understand and frankly probably "could have cared less" in the past when things were going well.)
There will be vehement outrage expressed, especially by FOX, Limbaugh, Coulter, Hannity et al. When you hear those rants, remember these data are calculated differently from any you have encountered in recent memory.
What trickles down to the great unwashed public will probably include an element of fear. It will be interesting to see how the equity markets perform.
Found at Swimming Freestyle (one of the 2008 Weblog Award finalists for Best New Blog).