Joined: 03 Jul 2007 Posts: 4393
Location: Just North of a hurricane votes: 3
Posted: Fri Oct 12, 2007 3:22 am Post subject: Low Taxes Cut Bedget Deficit
Does anyone buy this? thoughts?
President Bush says his economic policies are shrinking the U.S. budget deficit. VOA White House Correspondent Scott Stearns has the story.
President Bush closed a meeting of his economic team by heralding new government figures that show a projected budget deficit of $244 billion turned out to be $163 billion.
"In other words, as a result of the hard work of the American people, this economy is growing; the growing economy has yielded more tax revenues than anticipated," he said. "And because of fiscal restraint, those tax revenues went to reduce our deficit."
LINK _________________ Error of opinion may be tolerated where reason is left free to combat it.
President Bush closed a meeting of his economic team by heralding new government figures that show a projected budget deficit of $244 billion turned out to be $163 billion.
I find it hard to be excited when they say the deficit is bad, just not as bad as first thought.
It's still bad. _________________ To argue with a person who has renounced the use of reason is like administering medicine to the dead.
Thomas Paine
It's impossible to be an effective leader of a country when everyone thinks you are stupid.
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CHUQ
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Joined: 03 Jul 2007 Posts: 4393
Location: Just North of a hurricane votes: 3
Posted: Sat Oct 13, 2007 1:28 am Post subject:
I think it was a BS statement, kinda like the untrue employment figures for Aug. _________________ Error of opinion may be tolerated where reason is left free to combat it.
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