He found no statistical correlation between expenditures and the winning candidate.
"There is no systematic relationship between expenditures and outcomes," he said.
It requires a balance between the projected receipts and expenditures of the government.
Deficit 1, as we well know, is just the difference between federal tax revenues and expenditures.
So far, the Bush administration's track record predicting deficits - the annual difference between the government's revenues and expenditures - has been poor.
Because by law the city's budget must be balanced, cuts are needed to close the gaps between expected revenues and projected expenditures.
The deficit is the difference between receipts and expenditures.
The difference between revenues and expenditures during a year is either a surplus or a deficit.
A yawning gap was forecast between anticipated social expenditures and resources.
By contrast, the correlation between expenditures and math tests is a paltry 0.203.