Quote:
Originally posted by Spanky
This was predictable. Like I have said a thousand times, they always underestimate the deficit in bad economic times and overestimate it in good economic times. The best way to raise goverment revenue is through growing the economy. Now if congress could start cutting some fat (and the president grew some cajones and started vetoing appropriation bills) we might get a balanced budget.
http://www.economist.com/agenda/disp..._id=E1_STVJTRP
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It's only "on the wane" if you accept that the WH's original estimate was anything but a puffed number designed to make "cutting" the deficit easier. It's still a huge number. (I know, I know -- we don't to pay it back, so we're all right.)
