July 11th, 2006, 04:51 PM
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#8 (permalink)
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| Ultimate Member
Join Date: Oct 2001
Posts: 3,435
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Originally Posted by MTAtech Wow, are they desperate for good news or what. In the beginning of the year, the Admin inflated the deficit projection to $423 billion, so now they can seem like heros. The 2006 number is $296 billion. The 2006 number is $296 billion. The 2005 deficit was $319 billion. So, the $423 billion number is irrelevant. As the article said, Bush's original budget released in 2001, predicted a $305 billion surplus for the current year to sell its policy of never-ending tax cuts. From today’s NYT Editorial: | "The 2005 deficit was $319 billion" and the "2006 number is $296 billion", that is a decrease of 23 billion. The deficit projection is meaningless, what matters is the real numbers. This shows that Bush's policies are working to reduce the deficit, the numbers do not lie.I understand that you have difficulty accepting this, but the results are there. |
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