Friday, November 20, 2009

Errrrrr..........

From Rep. Bruce Chandler's web site:
The quarterly revenue forecast for Washington was released today, with state forecaster Dr. Arun Raha predicting another decrease in expected revenue for state government. Dr. Raha predicted with tax collections down and continued weak economic activities, revenue will decrease about $760 million in the state's two-year budget.

Rep. Bruce Chandler, R-Granger, said that while the decline in revenue is serious, it represents just .004 percent of the state's revenue. He is confident Washington will rebound from the recession stronger and more prosperous.
.004%?

That means if you multiplied $760,000,000 by 250, you'd have one percent of the state's revenue. That equals $190 billion dollars.

Of course, then you can multiply that by 100 to get the full state revenue, which is an impressive $19,000,000,000,000, or $19 trillion dollars.

Or, another possibility, Rep. Chandler meant to say 4%, which then multiplies up to about $19 billion dollars. Of course, the decimal equivalent for 4% is .04, not .004, but all the same.....

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