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| Bush lowers deficit over a billion dollars [Only registered and activated users can see links. Either login above or
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__________________ I love you, O Lord, my strength. The Lord is my rock, my fortress and my deliverer; my God is my rock, in whom I take refuge. He is my shield and the horn of my salvation, my stronghold. --Psalm 18:1-2 *****GOD Bless the USA***** |
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| Re: Bush lowers deficit over a billion dollars
The annual White House midyear budget report projects that this year's deficit will drop to $333 billion, $79 billion below last year's record red ink and almost $100 billion less than earlier estimates. LOL! Grasping at straws?? I guess a 333 billion deficit is better than a 433 billion deficit... |
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| Re: Bush lowers deficit over a billion dollars
Oops...recent report card. [Only registered and activated users can see links. Either login above or Register Now] The deficit picture remains worse than it was when Bush took office seven years ago. Then, both White House and congressional forecasters projected cumulative surpluses of $5.6 trillion over the subsequent decade. But a revenue bubble burst, a recession and the Sept. 11, 2001, terrorist attacks adversely affected the books. Several rounds of tax cuts, including Bush's signature $1.35 trillion 2001 tax cut, also contributed to the return to deficits in 2002 after four years of budget surpluses. The national debt has risen to $9.2 trillion. "This guy will come close to doubling the debt of the country during his period of presidency," Conrad said.
__________________ [Only registered and activated users can see links. Either login above or Register Now] "The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy. The true neighbor will risk his position, his prestige and even his life for the welfare of others." "A penny saved is a government oversight" "Blind faith in bad leadership is not patriotism" "Dissent is the highest form of patriotism" |
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| Re: Bush lowers deficit over a billion dollars
No doubt the next President gets a whole bunch of problems. [Only registered and activated users can see links. Either login above or Register Now] The Bush administration projects this year's deficit will rise to a near-record $410 billion, in part because of the stimulus plan, after a $162.8 billion gap last year.
__________________ [Only registered and activated users can see links. Either login above or Register Now] "The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy. The true neighbor will risk his position, his prestige and even his life for the welfare of others." "A penny saved is a government oversight" "Blind faith in bad leadership is not patriotism" "Dissent is the highest form of patriotism" |
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