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Fasten, fit closely, bind together.

Wednesday, July 13, 2005

You Don't Say 

You mean ... that by cutting taxes to grow the economy, you can actually increase tax revenue and cut the deficit? What kind of a sick Republican joke is this??

From Bloomberg:

President George W. Bush's administration will report this week that surging tax revenue is shrinking this year's budget deficit from the record 2004 level, possibly by as much as $90 billion, giving him a shot at fulfilling his deficit reduction promise three years early.

With tax revenue running $1 billion a day ahead of the 2004 pace in late April and May, the deficit will likely decline to about $325 billion from $412 billion last year, according to the Congressional Budget Office and private forecasters such as Stephen Stanley, chief economist at RBS Greenwich Capital in Greenwich, Connecticut.

``An expanding economy, creating more receipts, is putting us on a very good path to deal with our deficit,'' Treasury Secretary John Snow said at a press conference in Calgary on July 8. ``It's pretty clear now the path we are on will take us below the president's initial target.''

But...but...but....

This isn't what Hillary and John Kerry told us would happen!!



Posted by: N Dot / 10:38 AM
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