US deficit is shrinking, for now
And John Edwards thinks we should raise taxes…
“Tax revenues are rising much faster than spending, according to Treasury Department numbers released last week. The recent trend is strong enough that, were it to continue, the budget could move into surplus in barely a year, one economist calculates”.
“Already, the federal deficit is shrinking toward about half the size that it has averaged since 1970, when analyzed as a percentage of gross domestic product”.
Hmmm, how can this be? DemoRats said that tax cuts don’t work.
Posted by rws |
More taxes means more freebies to the welfare cheaters. Am I right? Is there anyway we can stop this from happening?
February 22nd, 2007 | #
John Edwards doesn’t know whether to scratch his watch or to wind his ass!!
February 23rd, 2007 | #