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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (63957)	2/12/2008 3:35:59 PM
From: tejek	Read Replies (2) \| Respond to of 90947

Oops! Time for another tax cut.....I guess trickle down means revenues are reduced to a trickle! "The U.S. budget deficit is increasing as a result of both slowing revenues and increased outlays. New data show that the Treasury ran a surplus of $17.8 billion in January, down sharply from last January's $38.2 billion surplus and $2.2 billion below the consensus forecast. Revenue was down 2.1% in January compared to January 2007, while spending was up 6.7%. For the fiscal year-to-date, which began in October, the Treasury has run a deficit of $87.696 billion, an increase of $45 billion compared to the same period a year ago, when the deficit for the full fiscal year was $163 billion, a five-year low."