BIG DEAL!
The national debt is close to 9 Trillion.
The National Debt has continued to increase an average of $1.61 billion per day since September 29, 2006!
Posted on 01/12/2007 11:34:40 AM PST by Brilliant
The federal deficit has improved significantly in the first three months of the new budget year, helped by a continued surge in tax revenues.
In its monthly budget report, the Treasury Department said Friday that the deficit from October through December totaled $80.4 billion, the smallest imbalance for the first three months of a budget year since 2002. The budget year ends Sept. 30.
Tax collections are running 8.2 percent higher than a year ago while government spending is up by just 0.7 percent from a year ago...
(Excerpt) Read more at washingtonpost.com ...
Thank God for Nancy. All those new tax revenues due to the increased minimum wage.
Ah, so these will soon be known as the good ole days.
Bush's Fault!
Amazing the good news the press reports on AFTER the election..
How are they supposed to know what happens from October to December in early November?
See??? The Bu$$$h tax cuts and low wages are DESTROYING, DESTROYING I say, the economy!!
Thank god for Speaker Pelosi and her plans to take the corporate devils down a peg or two!
All Eyeball had to do was coem to power and the deficit falls and gas prices tumble. God, she is AMAZING!!!
All this before they've passed the minimum wage increase. Just wait till they raise taxes on the 'Rich'. They'll wallow in the sloth for a few months, recession will creep in and they'll blame it on the Republicans just in time for the 2008 Presidential Election.
That's why the GOP needs to start talking about this now, and vote against it. I was really surprised that as many GOPers voted against the min wage increase as they did.
Must be because of the Democrats regaining Congress! LOL!
We're on track for the deficit to fall to $170 Billion for 2007. This will reduce the supply of government debt pouring into the Market. Lower supply with the same Demand means higher prices for those notes. Higher prices for debt notes means lower interest rates.
Thus, the Market is going to deliver lower interest rates in the 2nd half of 2007 and 1st half of 2008 in the run-up to the Presidential election.
You heard it here, first.
We've been at a low deficit for many years now- 7 years AHEAD of schedule for hte reduction- DESPITE unprecedented expenditures like hte war, natural issasters, Hillary's wild shopping sprees on government money etc, yet hardly one word was spoke about it prior to elections! This is friggin maddening that they ignored the President's success in this department!!!
The following link does not relate to this thread http://sacredscoop.com
This is not possible because of tax cuts for the rich.
< / laffer curve denial>
I'm not reading the article, cuz I'm afraid Crutsinger will give credit for this to the Democrat majority in Congress and I'll throw up.
This economy is the greatest story never told.
Larry Kudlow
Government spending up just .7% I thought every good conservative said Presidnet Bush was spending money like a druken sailor. Is the data wrong or has the conservative right taken a few programs and made them the villan while the government is in fact spending less? I'm confused - not. The Presidnet has been saying he was cutting spending and people right and left yelled LIAR. Now we have RATS running the congress because the pure stayed home or gave the Pubbies a bloody nose. shame shame
BIG DEAL!
The national debt is close to 9 Trillion.
The National Debt has continued to increase an average of $1.61 billion per day since September 29, 2006!
This is terrible! We must take the economy in a new direction!
We must raise taxes! (Sarcasm)
Yeah, well, whatever-it's STILL Bush's fault!;)
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