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Bush well on way to meeting deficit promise

 
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Tanya
Senior Chief Petty Officer


Joined: 13 Aug 2004
Posts: 570

PostPosted: Sun Jul 17, 2005 8:07 pm    Post subject: Bush well on way to meeting deficit promise Reply with quote

By Michael Barone

"So the deficit—the federal budget deficit—is declining sharply, more sharply than just about anyone in mainstream media anticipated. According to figures from the Office of Management and Budget, the deficit is projected to decline from $412 billion in 2004 to $333 billion in 2005, a 19 percent decline. OMB further projects, obviously with less certitude, that it will decline to $162 billion in 2008.

If so, that will mean that George W. Bush will have more than kept his promise to cut the deficit in half in his second term. Back in February, OMB projected a 2005 deficit of $427 billion."

http://www.usnews.com/usnews/opinion/baroneweb/mb_050715.htm
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Navy_Navy_Navy
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Joined: 07 May 2004
Posts: 5777

PostPosted: Sun Jul 17, 2005 8:34 pm    Post subject: Reply with quote

So OMB actually projected a deficit for 2005 which was even higher than the 2004 deficit?

Is EVERY department and office and bureau in our government devoted to undermining conservative presidents? Confused
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GM Strong
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Joined: 18 Sep 2004
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Location: Penna

PostPosted: Sun Jul 17, 2005 11:49 pm    Post subject: Reply with quote

Navy_Navy_Navy wrote:
Is EVERY department and office and bureau in our government devoted to undermining conservative presidents? Confused


No, they are just myopic and incompetetant on economics. (_!_)
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dusty
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Joined: 27 Aug 2004
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Location: East Texas

PostPosted: Mon Jul 18, 2005 1:05 pm    Post subject: Reply with quote

Quote:
No, they are just myopic and incompetetant on economics.


That's why they work for the goverment. Who else would hire them or keep them employed?

Dusty
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Deuce
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Joined: 19 Mar 2005
Posts: 589
Location: FL

PostPosted: Mon Jul 18, 2005 8:08 pm    Post subject: Reply with quote

Navy_Navy_Navy wrote:

Is EVERY department and office and bureau in our government devoted to undermining conservative presidents? Confused


YES....it would take at least 20 years to 'change administrations' unlike states where more civil servants serve at the pleasure of the governor...
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Deuce
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