Congressional Budget Office Reports that President Bush's Economic Plan Creating Major Deficit Reduction
The federal government incurred a deficit of $123 billion for the first nine months of fiscal year 2007, CBO estimates, $83 billion less than the shortfall recorded during the same period in 2006. Revenues have risen by more than 7 percent, whereas outlays have grown by less than 3 percent. Both rates of growth are noticeably smaller than the rates of increase in fiscal years 2005 and 2006, which averaged about 13 percent for revenues and close to 8 percent for outlays.
Interestingly, this has nothing to do with the democrat controlled Congress. The democrat censored media has not disclosed this enormous accomplishment.
Copywrite 2007 - Barry G.
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Comment by riffran— 2007/10/30 @ 05:09 AM — (Reply)
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