http://www.breitbart.com/news/2006/07/11/D8IPQESO0.html


The White House Tuesday touted new deficit figures showing considerable improvement upon earlier administration predictions, trumpeting the news as a validation of President Bush's pro-growth tax cuts.
The deficit will for budget year ending Sept. 30 will register $296 billion under a new White House estimate released Tuesday. That's much better than the $423 billion that Bush predicted in February and a slight improvement over 2005. A surge in taxes paid by corporations and the wealthy is largely responsible for the deficit drop.

Put the money back in the hands of business and the people and the deficit will drop.

It's simply, by having a tax cut. Folks have money to spend. And when they buy items, it's taxed. But it's taxed more than if it was part of the federal income tax.

Hm interesting. Where those tax cuts mainly for corporations or private individuals? Or both?

Both, folks that save money from taxes spend money and companies that save money on taxes produce products at cheaper prices and pay their employees better. It's a wonderful simple idea.

The deficit can be brought under control with tax cuts but the debt is the worrisome thing. Along with tax cuts, the Government has to reduce spending further into debt, which they haven't so far.

This is such Government spin. Its simply the government taking us all for idiots.

The President overestimates by $22 Billion (the last initial estimate was $318 Billion) and thats suppose to be a good thing??? Do you really expect us to appaud incompetance, waste, and the fact they cannot use a calculator (this is the 2nd time they have revised the deficit from $423 to $318 and now $318 to $296).

The fact remain that a deficit of $296 Billion still remains the 4th largest deficit in US History. Dubya is also responisble for First, the Second, and the Third largest deficits in US History as well. We still have triple digit deficits for a very long time, thanks to this president.

And This is what passes for good news???

And This is what passes for good news???

Not necessarily good news, but better news than weve been getting.

Noticed the flag change as well, back statside? mmarsh.

Yep, Been back a few days now.

Actually its a old Washington trick. The intenionally overestimate the deficit and when the real number comes out they sell it as 'good' news. But their still spending like drunken sailors on a saturday night.

Originally Posted by mmarsh

This is such Government spin. Its simply the government taking us all for idiots.

The President overestimates by $22 Billion (the last initial estimate was $318 Billion) and thats suppose to be a good thing??? Do you really expect us to appaud incompetance, waste, and the fact they cannot use a calculator (this is the 2nd time they have revised the deficit from $423 to $318 and now $318 to $296).

The fact remain that a deficit of $296 Billion still remains the 4th largest deficit in US History. Dubya is also responisble for First, the Second, and the Third largest deficits in US History as well. We still have triple digit deficits for a very long time, thanks to this president.

And This is what passes for good news???

How about some sources for us dummies.

Originally Posted by Missileer

How about some sources for us dummies.

All you need do is to look up up historical records via the GSA and the news stories where the administration originally published inflated deficit numbers ... this particular administration has historically overestimated the deficit and then when the actual report is released showing GSA data, the administration toots it's own horn and would have the citizens believe that the administrations policies are responsible for this 'great' news. All it really is, is the spinning of inaccurate data then the publishing of accurate data. GWyah and the boys are experts at this spinning of half truths and half lies.

They DO believe we are all a bunch of idiots.