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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (23089)	5/16/2004 12:56:42 PM
From: Lizzie Tudor	Respond to of 81568

more good news for President Bush on the economic front, LOLOL! Bush has ushered in the 70s economic climate. Core Inflation Mounts, Consumers Fret WASHINGTON (Reuters) - U.S. consumer prices outside food and energy posted a sharper-than-expected rise in April while factories hummed faster, bolstering expectations on Friday that the Federal Reserve will lift interest rates as early as June. biz.yahoo.com

To: Bearcatbob who wrote (23089)	5/16/2004 2:32:02 PM
From: American Spirit	Respond to of 81568

Bush Revenues Drop 4.5% with Deficit of almost $282 billion in first seven months of budget year Associated Press WASHINGTON (AP) - The government ran a deficit of $281.8 billion in the first seven months of the 2004 budget year, according to the latest snapshot of the nation's balance sheets. The data released by the Treasury Department on Wednesday showed more red ink than the $202.1 billion shortfall recorded for the corresponding period last year. For the 2004 budget year that began Oct. 1, spending has totaled $1.35 trillion, 7.5 percent more than the same period a year ago. Revenues came to $1.07 trillion - a 1.3 percent increase from a year ago. So far this budget year, the biggåæèæ Ê1/2ÈÒ1/2Î CFS Security, $306.8 billion; military, $253.7 billion; and interest on the public debt, $170 billion. On the revenue side, individual income tax payments came to $471.3 billion for the first seven months of the 2004 budget year, a 4.5 percent drop for the corresponding period a year ago. Corporate income tax payments totaled $90.8 billion so far this year, a 44.5 percent increase. The Congressional Budget Office said that revenues for all of 2004 may end up being better than anticipated, suggesting this year's budget deficit could come in less than the $477 billion that the office projected in March. The White House has forecast a $521 billion deficit for this year. The government produced a $374 billion deficit last year, a record in dollar terms. With the economy strengthening, some private economists believe the government's short-term fiscal picture may be improving and that the 2004 deficit could come in closer to last year's figure. In April, when the federal treasury usually is flush with cash from tax payments, the government recorded a surplus of $17.6 billion. That was the s1/4ÂØØÊæè‚ äÒØæêäplus since 1994 and was way down from last April's figure of $51.1 billion. The CBO attributed that to shifts in the timing of payments, accounting adjustments made in 2003 and other effects.