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Politics : Politics for Pros- moderated

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From: LindyBill	1/12/2007 3:46:08 PM
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Treasure This: The Deficit is Down by Almost 1/3 from Last Year Filed under: Economy, Taxes & Government — TBlumer @ 3:37 pm The Treasury just released its monthly receipts and outlays report, which is coherently and comparatively presented below: The deficit through the first three months of the current fiscal year is almost $39 billion, or 32.7%, lower than last year's comparable figure. Receipts are up a bit over 8%, as the supply-side tax cuts continue their "magic." The real surprise is that outlays have barely budged, actually going up at a rate that is substantially lower than inflation (Psst — Don't tell Congress that). bizzyblog.com

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