U.S. Budget Deficit Tumbles, Congressional Analysts Say

AP ^ | Jul 7, 2005 | Andrew Taylor

[Dr.Hilarious]

economists say the more significant measure is against the size of the economy.

This cannot be repeated enough because most people don't grasp it the first twenty times.

[IllumiNaughtyByNature]

The $$ dazzle them and the RATspeak you hear on the MSM. You are 100% correct in your post.

[Skylab]

Exactly.

[icwhatudo]

Hmmm, tax cuts equal higher revenues? Shocked, shocked i tell you!

[icwhatudo]

Hmmm, tax cuts equal higher revenues? Shocked, shocked i tell you!

[Chuck54]

Well, well, well. Gotta be Bush's fault.

[cvq3842]

Good post. Bad news for the MSM and the Dems, who will ignore it. But they don't call the shots any more . . .

[Dr.Hilarious]

The $$ dazzle them and the RATspeak you hear on the MSM

You got it. The see Petey Jennings do that little incredulous rolling of the eyes as he said 'The US budget deficit reached a new high today...with no end in sight" or whatever, and they think "A new high for the budget deficit."

The same MSM folks who report this as if it's some sign of the apocalypse are right on the spot, though, to criticize any budget "shortfalls"--"While the President said today his was the largest budget for ((whatever)), in adjusted dollars it falls far short of the level of funding in the 1970's..." or whatever.

It's not paranoid Republican ranting--it's true. They use whichever standard--adjusted $, proportion of the GNP, whatever--gives them the best spin.

[Dr.Hilarious]

I read about this a week or two ago and was wondering why the MSM weren't reporting this good economic news. Then I remembered how they covered Warren Buffett extensively when he was betting against the dollar, and I saw one story about how that wasn't a good bet a few months later.

If this were news under the Clinton Presidency, the cover of Time would read "The New Boom!"

[fooman]

yep. There was nothing unexpected about receipts going up. It happens every time rates are cut. The rate cuts are just not dynamically scored. That is all.

[RightWhale]

If Clinton were in there we would hear: the budget deficit will be eliminated in 6 years, no 8, no 12, no 7, no 9, no 10, no 8, etc.

[plain talk]

Many Americans and some Freepers have a problem with comparative analysis. One always has to put these issues and candidates into comparative perspective.

[Dr.Hilarious]

"Budget deficits as far as the eye can see."--Bill Clinton

And then he took credit for the deficit's erasure!

[RightWhale]

There was a time when they were wondering what to do with the annoying surpluses.

[listenhillary]

Surely you can find something to whine about here.

[Willie Green]

This cannot be repeated enough because most people don't grasp it the first twenty times.

That phony "statistic" is meaningless, and shouldn't be referenced at all.
It's "junk economics" ~ an apple-to-oranges comparison that has no intelligent significance.

[Incorrigible]

LOL! And if the ChiComs want their money back from the bonds they've been buying... stiff 'em!

[Jorge]

How can this be?
Didn't the Dems warn us the tax cuts would be a disaster?