October 11, 2006
Deficit Keeps Shrinking
In 2004, President Bush pledged to the American people that, if re-elected, he would seek to reduce the federal budget deficit by half before he left office in 2009.
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Two years later, despite the Congress' spending spree and his refusal to veto any of it, Bush has kept yet another campaign promise - three years sooner than expected.
Today's deficit for the government fiscal year end close dated 9/30/06 has plunged to $247.7M.
And it wasn't magic. Nor was it some illusory anomaly like a dot.com bubble. It was tax cuts, which led to higher tax receipts.
Capt. Ed has more about the best economy that you're not hearing about.
Posted by: Gary at
02:10 PM
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Just imagine what the deficit could be if the GOP didn't spend like the Democrats.
Posted by: Stephen Macklin at October 12, 2006 07:53 AM (UquFN)
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