Did someone say "deficit"?
Remember when $200 billion was "good enough"?
WASHINGTON (AP) - Budget estimates released Wednesday showed some improvement in the deficit but gave little solace to Democrats struggling to match President Bush's promise to balance the budget.
The new forecast from the Congressional Budget Office put the deficit for the current budget year reaching about $200 billion after factoring in Iraq war costs. Last year's deficit was $248 billion.
Of course I expect this Congress to screw things up by killing the tax cuts and/or raising taxes elsewhere and trigger a recession, thus reducing revenues and increasing costs.
WASHINGTON (AP) - Budget estimates released Wednesday showed some improvement in the deficit but gave little solace to Democrats struggling to match President Bush's promise to balance the budget.
The new forecast from the Congressional Budget Office put the deficit for the current budget year reaching about $200 billion after factoring in Iraq war costs. Last year's deficit was $248 billion.
Of course I expect this Congress to screw things up by killing the tax cuts and/or raising taxes elsewhere and trigger a recession, thus reducing revenues and increasing costs.