August 5, 2006
HAD ENOUGH?:
Deficit estimated lowest in 4 years (ANDREW TAYLOR, 8/04/06, Associated Press)
The federal deficit will register $260 billion this year, the lowest in four years, reflecting a strong economy and resulting growth in tax revenue, congressional analysts said Friday.The estimate by the nonpartisan Congressional Budget Office is well below its earlier predictions and also below the $296 billion White House estimate less than a month ago.
The big question is: how do we avoid going into surplus again and stalling out the world economy? Posted by Orrin Judd at August 5, 2006 8:42 AM
Hmmmmm, a surplus. By whose accounting standards?
Posted by: ratbert at August 5, 2006 9:25 AMThe same methods the Arkansas Hillbillies used in the 1990's to demonstrate the great economy then.
Posted by: obc at August 5, 2006 12:21 PMobc, are you serious?
Posted by: erp at August 5, 2006 12:27 PMHope the gov is not using the Clinton accounting methods. How else could they account for the fact that there was a surplus in Jan 2001 and with no change in funding, ordering, and changes to to budget we had a deficit by March 2001?
I think the Bushies at least do their accounting right!!
Posted by: dick at August 5, 2006 12:55 PM"The Bush White House has gained a reputation for overstating deficit figures early in the year in order to report better news later." Conversely, "The Bush White House has gained a reputation for understating deficit figures early in the year in order to make the economy look better than it really is." I wonder why the Congressional Budget Office goes along with the White House.
Posted by: ic at August 5, 2006 2:13 PMI thought my sarcasm was showing, but perhaps I should have been clearer.
Posted by: obc at August 5, 2006 2:27 PMobc, I think my sarcasm meter needs adjusting.
Posted by: erp at August 5, 2006 4:46 PM