September 13, 2006

Deficit Still Shrinking

Down 14%.

The Treasury Department said that with just one month to go in the budget year, the deficit totals $304.3 billion, down from $354.1 billion during the same period a year ago.

The Congressional Budget Office is forecasting that the deficit for the entire year will be $260 billion, which would mean that September will see a sizable surplus. [note: the Federal Gubment's Fiscal Year End is September 30th]

It's those damn tax cuts for the rich!!

Posted by: Gary at 02:40 PM | No Comments | Add Comment
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