Posted on 07/07/2005 2:54:27 PM PDT by SierraWasp
Surprise shrinking deficit ping in view of massive spending!!!
you beat me to that thought. - Massive spending and still down 75 billion. talk about a good economy. Where is all the money coming from?
Heading in the right direction, anyway...
Reduce the taxes and make Harry "wimper" Reed concerned
Gee. Tax cuts work?
Tax rates go down, revenues go up!
Next, get rid of the estate tax!
Good news bump!
>>>Tax rates go down, revenues go up!
Revenues are still down relative to the last year of the high tax Clinton presidency. Spending on the other hand is up considerably.
Can we do it by '08?
'03-'04: $420 Billion
'04-'05: $325 Billion.
'05-'06: $225 Billion
'06-'07: $110 Billion
'07-'08: surplus
If Bush gets us to a budget surplus by 2008, we get to keep the White House for another 4 years.
Willie Green is deeply saddened
Bush's fault.
So we are screwed in 20 years as opposed to 15
Whoo-Hoo
Don't you belive it.
This is under the department of figures never lie, but liars always figure. The increase in the public debt between June 30, 2004 and June 30, 2005 is: 562 billion
Total Public Debt outstanding:
2005: 7,836,496 million
2004: 7,274,335 million
2004:
http://www.publicdebt.treas.gov/opd/opds062004.htm
2005: http://www.publicdebt.treas.gov/opd/opds062005.htm
The difference between the 562 billion actually borrowed, and the 251 billion debt listed or admitted, is that half the debt, including the Iraq war is 'off the books' which means the President and the Congress do not have to account for that borrowing. Our kids will.
BJ Clinton did the same trick for the year that he claimed a balanced budget. Sure the budget was balanced, by borrowing money 'off the books'.
Creative accounting. We sent the bozos from Enron to jail for less. Far less.
Laffer Curve and supply-side Reaganomics win again despite gross spending.
Here are the figures, presuming that receipts grow 5.3% faster than outlays:
'03-'04: -$412 Billion. (I was $8B off last post)
'04-'05: -$325 Billion.
'05-'06: -$227 Billion.
'06-'07: -$116 Billion.
'07-'08: +7 Billion.
Uh, no... This is reporting 3/4ths of a year, and you are calling it a lie because its figures are smaller than your fill-year figures. The actual distortion caused by social security, etc. is about 1/2 what you are calling it, but still huge.
"Laffer Curve and supply-side Reaganomics win again despite gross spending."
Now if only the pseudo Republican Governor of CA could have figured this out!!!
I doubt it. With "projected savings" out comes the spend-a-holics to ask for more $$.
"Where is all the money coming from?"
The DNC and George Soros. Gotta love the libs contributing to the economy. They give it to their ACLU attorneys who then buy great toys that keep those companies running.
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