PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: GROUND ZERO™ who wrote (742424)	6/12/2006 3:13:21 PM
From: pompsander	Read Replies (2) of 769670

Look at the outlays number here....yes, tax revenues are up but if we keep spending it faster than it comes in, no economic recovery is gonna help us eventually dig out. And God help us when the economy weakens! Come on Republican fiscal conservatives....let's hold the line on spending. ___________________________ Budget deficit larger-than-expected 55 minutes ago news.yahoo.com WASHINGTON (Reuters) - The U.S. government posted a larger-than-expected $42.83 billion federal budget deficit in May, a Treasury Department report showed on Monday. The May deficit compared with a $35.42 billion funding gap in May 2005. Wall Street economists polled by Reuters were expecting a $39 billion budget deficit for May. The cumulative deficit for the first eight months of fiscal 2006, which began October 1, was $226.97 billion, down from the $272.34 billion deficit in the first eight months of fiscal 2005. May outlays rose to $235.49 billion from $188.15 billion in May 2005, while receipts were $192.66 billion, up from $152.73 billion in May a year ago. Receipts for the fiscal year to date were $1.545 trillion, up from $1.369 trillion over the same period a year ago.

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