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.

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 | Comments (1) | Add Comment
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1 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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