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View Full Version : Huge Drop In Deficit Stronger Than Expected


red states rule
08-19-2007, 12:38 PM
Since so many libs on the board how whined about the budget deficit, i thought I would post this

Once again, tax cuts have INCREASED revenues to the government, caused economic growth, helped business create more jobs - thus having more people pay taxes

No is the time for more tax cuts and get the extra money out of Washington


Budget deficit narrows to $205 billion
7/11/2007, 9:58 a.m. EDT
By ANDREW TAYLOR
The Associated Press

WASHINGTON (AP) — The nation's budget deficit will drop to $205 billion in the fiscal year that ends in September, less than half of what it was at its peak in 2004, according to new White House estimates.

It's also a gain over the $244 billion predicted by President Bush in February, but not as great an improvement as anticipated by other forecasters.

Bush planned to discuss the figures in an afternoon appearance as the White House's Office of Management and Budget as part of its midyear update of the budget picture.

jafar00
08-19-2007, 08:55 PM
Knowing how economic news usually goes, the real figure will be nothing like the estimate. We will see ;)

red states rule
08-19-2007, 08:56 PM
It has been going down for the last 4 years

The annual budget has been cut by more then 50% due to increasing revenues to the government

potter
08-20-2007, 03:30 AM
Budget deficit narrows to $205 billion



Meanwhile the national debt rises to almost 9 trillion....