Comments on: Bush May Meet Vow To Halve The Deficit Three Years Early

By: Common Sense Political Thought » Blog Archive » Do you think that maybe this could be part of the problem?

Thu, 15 Jun 2006 03:14:29 +0000

[...] Hat tip: James Joyner [...]

By: Bithead

Bithead — Wed, 14 Jun 2006 19:56:34 +0000

Defense and Entitlements

And of the two, note, please that the former is the only one that is constitutionally mandated.

By: Tano

Tano — Wed, 14 Jun 2006 05:59:01 +0000

No, he made the promise when the deficit was 412 billion. Half would be 206 billion. It is already 227 billion this year, as of May.

Hello people,,,trying to spin a line is one thing, but when you got the numbers right in front of you?

By: Sister Toldjah

Sister Toldjah — Wed, 14 Jun 2006 01:33:19 +0000

Deficit may be halved three years earlier than predicted...

Investor’s Business Daily has some encouraging news on the deficit front:
Aided by surging tax receipts, President Bush may make good on his pledge to cut the deficit in half in 2006 — three years early.
Tax revenues are running $176 billion, o...

By: MrGone

MrGone — Wed, 14 Jun 2006 01:13:32 +0000

Yea, and to think of it another way, actual liabilities of 66 trillion and growing! What's that, 500-600% of GDP?

Now I know what he meant by "I hope I die before I get old." That way you won't have to pay any of it back. Cool.

Hope you don't have any kids.

By: yetanotherjohn

yetanotherjohn — Tue, 13 Jun 2006 22:50:22 +0000

Ugh,

If you haven't noticed, the economy is growing. Rather nicely, thanks for asking. The half is a deficit that represented 4.5% of the GDP being reduced to a deficit representing 2.1% of GDP.

Think of it this way. At one point, a $20 million dollar deficit would have bankrupt the country. We have improved our economy over the last 2000 years. So with the variable value of money, pegging the deficit to a percentage of GDP is a more realistic way to look at it.

By: Ugh

Ugh — Tue, 13 Jun 2006 22:33:48 +0000

Where in all those statistics do we get reduced by half by 2006? The closest I come is using the BS White House forecast of $521 billion from 2004 combined with Action Economic's forecast for this year of $270 billion, and that's still not half.

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Personal is a near-ideal solution to the spam problem. It works with any e-mail client, and it’s among the most accurate we’ve seen. It will filter multiple e-mail accounts and optionally consolidate them for Web or POP3 access. And theBush May Meet Vow To Halve The Deficit Three Years Early Outside Beltway - Investor s Business Daily reports that President Bush might achieve his promise of halving the deficit three years ahead of schedule. Aided by surging tax receipts, President Bush may make good on his campaign pledge to cut the

By: Environmental Republican

Environmental Republican — Wed, 31 Dec 1969 18:00:00 +0000

Hmmm...2006 minus 25 years would mean that the last time we've had tax revenues jump this high was when the great Ronald Reagan was in office. Sweet. Ace notes that if spending were held in check, we may be looking at a surplus in the near future.OTB is less elated then I. I agree that if spending was reduced (an idea that used to be a cornerstone of conservatism) we would be looking at a greatly reduced deficit and perhaps a surplus. This is still excellent news and does indeed show that tax cuts