Some good news for a change....but who is telling it? - Granite Grok

Some good news for a change….but who is telling it?

From Bloomberg News (H/T: Lucianne) is this gem:

This year, the new report says, the deficit will be $260 billion, or $111 billion less than the CBO estimated in March. For 2006, the government deficit will be 2 percent of gross domestic product, down from the old baseline prediction for 2006 of 2.6 percent. On Aug. 17, when the more extensive annual Update of the Budget and Economic Outlook appears, that 2 percent figure is likely to show up more definitively. But neither the budgeteers’ news nor the prospect of a confirmation of it is generating much discussion.

President Bush promised to cut the budget in half by five years….according to this, his policies have provided a bit of a push!  I’m certainly no economist, and I realize that the Feds keep a number of things "off budget", but this HAS to be good news!

Think about it….5 months ago, the estimate was $370 billion.  IF this rate of decrease keeps up (which depends on the economy keeping up its pace), this budgetary number could be cut in half again next year.

Hey, President Bush! Listen up:

Cut taxes again – it seems to be working!

If you ever decide to use a veto again, think of what you might achieve by using it on a spending bill!  Couple of those, look at the great news you’d generate..

Er, or not, if it gets the media play that this did…. 

 

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