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U.S. Budget Deficit Tumbles, Congressional Analysts Say
AP ^
| Jul 7, 2005
| Andrew Taylor
Posted on 07/07/2005 3:41:41 PM PDT by Skylab
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To: Skylab
Still, the new numbers will make it easier for the White House to credibly claim it will meet its goal of cutting the deficit in half - from the $521 billion it originally predicted for fiscal 2004 - by the time President Bush leaves office. What makes it even easier is keeping the supplimental spending for Iraq - $85 billion or so - off the budget and timing the biggest expenditures for the Prescription Drug plan to hit after 2008.
To: Skylab
Must set my TiVo, so I don't miss CNN, CBS, NBC, ABC, MSNBC's "super-exclusive" coverage of such news...
*cricketschirping.wav*
62
posted on
07/09/2005 4:56:16 AM PDT
by
ItsOurTimeNow
("Let love be genuine. Abhor what is evil; hold fast to what is good." Rom 12v9)
To: Skylab
Wow! as low as $325 thousand million.
I guess our elected leaders have been quite busy eliminating wastful spending and reducing the size of government!
63
posted on
07/09/2005 5:10:02 AM PDT
by
WhiteGuy
(Vote for gridlock)
To: Hank Rearden
Without corresponding spending cuts, the phony "tax cuts" are simply deficits - deferred taxes to be paid later, with lots of interest piled on. Thus, an even more gigantic federal debt.You do not understand economics and should not make comments like the above.
64
posted on
07/09/2005 5:16:35 AM PDT
by
Erik Latranyi
(9-11 is your Peace Dividend)
To: listenhillary
What did they do with the surplus?The correct term is: PROJECTED Surplus.
The surplus never existed, except in the minds of those who believed the Clinton Administration's rosy projections as the economy was tanking in 2000. (hint: that's before W took office).
65
posted on
07/09/2005 5:20:13 AM PDT
by
Erik Latranyi
(9-11 is your Peace Dividend)
To: Erik Latranyi
That is was what I was trying to get out of the poster.
66
posted on
07/09/2005 5:55:29 AM PDT
by
listenhillary
(The interests of Muslims and interests of socialists coincide in the war against crusaders~OBL)
To: listenhillary
That is was what I was trying to get out of the poster.I realize that after reading more carefully. My apologies.
67
posted on
07/09/2005 6:01:09 AM PDT
by
Erik Latranyi
(9-11 is your Peace Dividend)
To: Erik Latranyi
s'OK
It's hard to detect the smarmy cynicism in my voice reading text on a page.
68
posted on
07/09/2005 6:06:13 AM PDT
by
listenhillary
(The interests of Muslims and interests of socialists coincide in the war against crusaders~OBL)
To: Hank Rearden
Without corresponding spending cuts, the phony "tax cuts" are simply deficits - deferred taxes to be paid later, with lots of interest piled on. We do need spending cuts. Huge spending cuts. But, if the government cuts my taxes and borrows the money at current 10 year yields, about 4.1%, and I take that money and earn 10%,or pay down 14% credit cards, that's a net benefit to me and the country.
Understand now?
69
posted on
07/09/2005 9:49:23 AM PDT
by
Toddsterpatriot
(If you agree with Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
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