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To: Giordano Bruno who wrote (257670)8/26/2003 12:07:39 PM
From: John  Respond to of 436258
 
Republicans argue that the cuts have boosted economic growth

ROTFLMAO!!!!!

And people actually believe this stuff, too. I can't wait until the big tsunami hits. :-)

John



To: Giordano Bruno who wrote (257670)8/26/2003 12:14:26 PM
From: John  Read Replies (2) | Respond to of 436258
 
Under the agency's latest predictions, the size of the government's budget deficit would peak in 2004 and slowly decline thereafter, giving way to small surpluses from 2012.

LOL! These lecherous, fat ba$tards can't even forecast next week's budget picture, much less 2012.

Let's not forget that these same criminals were forecasting record surpluses for as far as the eye could see immediately upon seizing control from the other criminals.

This stuff really makes me want to root for the underdog. Know what I mean? This slimy $hit is sickening.

John



To: Giordano Bruno who wrote (257670)8/26/2003 12:35:04 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
>>Congress Forecasts $480 Billion Deficit for 2004<<

hang in there -- I think they are going to beat the whisper number



To: Giordano Bruno who wrote (257670)8/26/2003 1:13:23 PM
From: ild  Read Replies (1) | Respond to of 436258
 
The Real Deficit
Jeffrey Tucker 8/26/2003

The headlines this morning are all about the new Congressional Budget Office prediction that the budget deficit next year (FY 2004) will approach $500 billion--far above the previous 1992 record of $290 billion. This is supposed to be a deadly blow to the White House.

There's just one problem. Once you cut out all the fancy counting methods, and think of the bugdet deficit as the annual change in the government's debt (the old fashioned definition), we can see that the $500 billion mark has been reached and passed in the first 10 months of FY 2003. Using the Treasury's Debt to the Penny site, we come up with a current fiscal year deficit in 2003 at: $558,258,251,367. At current spending rates, another two months could add another $100 billion or so.

mises.org