The Federal Deficit
At several times, this issue has come up as a negative toward Bush. I thought the truth of the matter
might bring smiles to everyone concerned about the defecit, as am I, and to continue on the course of
keeping tax cuts in place. This is not a "gotcha" post by any means, this is consistent with my theory that
the economy is better than some people realize and often turn to the deficit as an example of how
disastrous things are..I thought some good news might be a breath of fresh air..I am still a critic of the
Bush Administrations spending habits and a concerned spectator at the cost of the War on Terror.
Heres a snip of the article:
The federal deficit in the budget year that just ended fell to a four- year low of $247.7 billion _ a figure
President Bush touted Wednesday as "proof that pro-growth policies work."
The deficit for the budget year that ended Sept. 30 was 22.3 percent lower than the $318.7 billion
imbalance for 2005, handing Bush a welcome economic talking point as Republicans battle to hold onto
control of Congress in the midterm elections.
Bush called the outcome for Fiscal 2006 a "dramatic reduction" that redeemed his 2004 campaign pledge
to halve the deficit earlier than his original 2009 target date.
"These numbers show that we have now achieved our goal of cutting the federal deficit in half and we've
done it three years ahead of schedule," Bush told reporters at a Rose Garden news conference.
The pledge to cut the deficit in half was based on the administration's forecast that the 2004 deficit would
hit $521 billion, a figure that proved to be too pessimistic by more than $100 billion. However, the
administration has continued to use the forecast number as its benchmark for deficit reduction.
Bush said he would continue to urge Congress to make permanent his first-term tax cuts, all of which are
due to expire by the end of 2010.
affairs when one is trumpeting a quarter of a trillion dollar deficit as good.
I'll make a patriotic suggestion for lowering the deficit. Bush should ask us all to sacrifice for the war on
terror and raise our taxes to pay for the war in Iraq. Why should our children and our childrens' children
pay interest on a war they had nothing to do with?