REMEMBER: The President will sign the new TAX CUT legislation tomorrow!
AND JUST HOW ARE ALL OF OUR "BUSH IS A BIGGER SPENDER THAN LBJ" PALEOCON WACKOS GOING TO REACT TO THE FOLLOWING NEWS: [FYI: President Reagan still holds the record for the largest deficit as a percentage of GDP -- almost 4x that projected for 2007!!!]
U.S. BUDGET DEFICIT WILL BE HALVED AHEAD OF SCHEDULE, SNOW SAYS [Despite a HOT war, (inheriting) a recessionary economy, (dealing with) the worst hurricane in American history, and on and on!]
May 16 (Bloomberg) -- Surging tax revenue will help President George W. Bush meet his deficit-reduction pledge ahead of schedule, Treasury Secretary John Snow said.
``The president's target of cutting the deficit in half is going to be exceeded and it's going to be done ahead of schedule,'' Snow said. ``We're coming up on that target now.''
Bush promised to the cut the deficit in half to about 2 percent of gross domestic product before he leaves office in 2009. Higher-than-expected tax inflows mean the administration will reach that goal by the end of fiscal 2007 or even sooner, Snow said in a news conference in Washington today.
You can read the entire article at
http://quote.bloomberg.com/apps/news?pid=10000103&sid=adRN14vmCkVg&refer=news_index
Night all!
Woo Hoo!
WTG President Bush!
GREAT stuff, Deb! Tony's gonna pound this economic stuff, I can feel it in my blood. This is GOOD!