PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: CYBERKEN who wrote (744982)	7/11/2006 11:36:15 AM
From: Hope Praytochange	Read Replies (1) of 769667

only idiot lefties led by nose by warwoundfaker are weeping on news: Budget Deficit Estimate Drops to $296B By Paul Blustein and William Branigin Washington Post Staff Writers Tuesday, July 11, 2006; 11:18 AM President Bush said today a new, lower estimate of this year's federal budget deficit shows that his economic policies are working, and he declared that his plan to cut the deficit in half by 2009 is now a year ahead of schedule. In a speech at the White House, Bush hailed a report today from the Office of Management and Budget showing that this year's budget deficit "will actually come in at about $296 billion," compared to what he said was the White House's "original projection" of $423 billion. The midyear revision is attributable in large part to a recent surge in tax revenue. "That's what happens when you implement pro-growth economic policies," Bush said, pointing to tax cuts that he said have left nearly $1.1 trillion in the hands of workers and business owners. "We're way ahead of cutting the federal deficit in half by 2009. As a matter of fact . . . we're now a full year ahead of schedule. Our policies are working."

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