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.
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.
I doubt it. With "projected savings" out comes the spend-a-holics to ask for more $$.
We haven't had a surplus since 1960, so I'm not expecting the government to change now.
>>>If Bush gets us to a budget surplus by 2008, we get to keep the White House for another 4 years.
Not necessarily. It didn't work that way for Al Gore in 2000.