Posted on 10/06/2006 10:19:40 AM PDT by West Coast Conservative
The federal budget estimate for the fiscal year just completed dropped to $250 billion, congressional estimators said Friday, as the economy continues to fuel impressive tax revenues.
The Congressional Budget Office's latest estimate is $10 billion below CBO predictions issued in August and well below a July White House prediction of $296 billion.
The improving deficit picture _ Bush predicted a $423 billion deficit in his February budget _ has been driven by better-than-expected tax receipts, especially from corporate profits, CBO said.
Let's start by repealing the prescription drug program, that'll not only save $250,000,000,000/year but will free up a lot more dollars for defense, where they are actually needed, and where the expense is actually Constitutional.
Often it seems that the libertarians are the only ones who notice, or care. Sad state of affairs, these days.
"The budget deficit disappeared in the late 1990s because the Republican Congress put in controls on spending. Clinton had nothing to do with it."
That is exactly what I remember. And that is, at the end of the Clinton years there was a huge budget deficit that was later inherited by Bush. But someone mentioned in this thread that at the end there was a surplus. So, I'll stick with what I remember: at the end of the Clinto years there was a deficit. That's what I remember and I'm sticking with it now.
Wow!
Scary numbers.
Gerry Studds is still in the Democrat party. So is Mel Reynolds. And Barney Frank, whose boyfriend apparently ran a gay escort service from Barney's basement.
cars=cares.
So you have not seen;
Your last breath gurgle out of you while you lie in the street as the VX runs it's course through your body.
Your children expelled from school for saying a blessing before they eat.
Your son buggered by a 55 year old Eagle Scout.
Your calculater just realized you can't retire until you're 117 years old.
I hope that helps.
A lesser man would have folded long ago...."
AMEN !
In 1998-early 1999, there was a projected surplus, if the same bubble that had CNBC screaming "NEW ECONOMY!!" as a way to justify bobsbaitshop.com going from a ice chest in a vacant lot to a $100 million stalwart of industry on the OTC, continued to grow at the same pace as the momo players were banking on us believing.
"Woudn't the budget be balanced if we dropeed the sr. citizens drug program we just passed 2 years ago?"
Yes that is so. We should not cheer that budget is 250 billion dollars deficit - that is like finding a train wreck the first survivor. Do not give up. We should cheer when budget is in zero balance. Nonsense for 2% GDP when it is spending money that does not exist! Like saying by a robber that the first victim was so rich, he will not have to rob anyone else until tomorrow! Thief is thief!
This sounds like the beginning of a problem ...
Ohio Fan,
When he exits the stage in 2 years or so I think he will go to Texas and work on the his ranch and do some civic minded things, but for all intensive purpose he will remain relatively quiet like Presidents of old did.
Post that phase, people will over the next 10 or 20 years reexamine his Presidency. It is then that the heads of many of the left loons of all stripes will be making the sound Polenta blasting out of the pot (ever cook polenta unattended?) because their heads will be exploding from the praise of how good it actually was. We here at FR, will have many Shadenfraude moments for sure when that happens.....
It was. The problem became acute about 1824 and the Parties divided on whether to spend it on internal improvements. That debate continues and the two major Parties we have now are pretty hard to tell apart on this issue. On one side the Bridge to Nowhere, hardly a fresh issue, and NASA are equally abhorrent, on the other side these promote commerce--the very soul of the country.
Good post!
(Now tell me about polenta...... :)
Cause that short list of 4woodenboats just dealt a powerful blow to your implication.......
WTF?
Don't get foul with me.
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