Quote:
Originally posted by sgtclub - The federal budget estimate for the fiscal year just completed dropped to $250 billion, congressional estimators said Friday, as the economy continues to fuel impressive tax revenues.
The Congressional Budget Office's latest estimate is $10 billion below CBO predictions issued in August and well below a July White House prediction of $296 billion.
The improving deficit picture _ Bush predicted a $423 billion deficit in his February budget _ has been driven by better-than-expected tax receipts, especially from corporate profits, CBO said.
http://www.breitbart.com/news/2006/10/06/D8KJ8R2G1.html
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Putting aside the incoherency of this quote, and assuming he is trying to say that the deficit will only be $250B, it is a telling indictment of this administration/congress, in that these so-called Republicans are such huge deficit spenders despite a booming economy.
As I have said before, the current batch of Republicans are actually old-school southern Demoncrats. Bush = John Stennis
