Wednesday, July 11, 2007
Budget Deficit Narrows to $205 Billion
Link to article at Forbes.com
...the new figures show an increase in the deficit next year to $258 billion and red ink for future years greater than earlier predicted. Bush promises a $33 billion surplus in 2012, but that figure doesn't reflect tens of billions in likely spending for military operations in Iraq and Afghanistan.
...the deficit picture remains worse than it was when Bush took office six years ago. Then, both White House and congressional forecasters projected cumulative surpluses of $5.6 trillion over the subsequent decade.
Where is the "Mission Accomplished" banner?
Trying to put a positive spin on these numbers is a strong indication that our pseudo president has math skills about equal to his language skills.