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Politics : Impeach George W. Bush
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To: jlallen who wrote (5294)7/20/2001 4:20:06 AM
From: jttmab  Read Replies (1) of 93284
 
The surplus will still be $200 billion this year as opposed to the projected $275 billion before the Bush tax cut. This even though projected tax revenues are lower.

As I recall, the best economists in the world have a lot of trouble predicting what this quarter is going to be. The projected surplus also doesn't include any supplemental requests [because we don't know what they are]. But we do know that there will be supplemental requests. Bush and Rumsfeld have said there will be a supplemental on Defense for certain.

That's one of the games. People pay the most attention to the initial budget and the initial appropriations bills and hardly any attention to the supplementals that occur every year.

We'll see how the surplus stacks up at the end of the year. I'll guess it will be a lot lower than $200B....and the conservatives will be screaming the liberals did it, Jeffords did it....it wasn't DeLay.

And I'll also guess...you'll believe it.

jttmab
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