What Happens If a Deficit Falls and Almost No One Reports It?

[glockmail]

....

Again, why did we have to go to Baghdad in 2003?

To eliminate a major source of terrorism and its funding.

 

[red states rule]

More bad news for the Bush haters and the Taxacrat Defeatocrats:


US Deficit is Shrinking, For Now (Balanced Budget by Next Year?)

Despite the ongoing costs of US military campaigns in Iraq and Afghanistan, the outlook for the federal budget has grown substantially brighter.

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.

The shift reflects a strong economy, with higher incomes and corporate profits generating a bigger flow of tax revenue. In turn, the Treasury's progress could help the economy by buoying investor confidence in the nation's fiscal position.

Although it is a welcome change, the improvement does little to stave off the long-run challenges to the nation's financial health, many economists say. Baby boomers are starting to retire, placing new demands on government. Costs for healthcare programs like Medicare are still projected to rise faster than overall inflation.

http://www.freerepublic.com/focus/f-news/1788748/posts