Deficit Falls to Lowest Level in 4 Years

[Naturalized-Texan]

Deficit Falls to Lowest Level in 4 Years (http://www.breitbart.com/news/2007/01/12/D8MJU5901.html)

The federal deficit has improved significantly in the first three months of the new budget year, helped by a continued surge in tax revenues.

In its monthly budget report, the Treasury Department said Friday that the deficit from October through December totaled $80.4 billion, the smallest imbalance for the first three months of a budget year since [2003].

.............

The Treasury said for December, the government actually ran a surplus of $44.5 billion, the largest surplus ever recorded in December...

[RED]

Only matters under a DIMocrat administration. :shame:

[Seabee]

As I have long stated, the "Projected Surplus" under Clintoon was a direct result of Congress. Not that cartoon of a President, The Repub Congress gets the proper credit in my book.

[Naturalized-Texan]

BTW, the deficits in FY2002 and FY2003 ballooned as a direct result of the Clinton Recession. The Bush tax rate cuts went into effect in mid-2003, triggering the revenue growth that has resulted in the declining deficits despite increased spending, mainly for defense and homeland security.

[DesertFox]

Not that cartoon of a PresidentBill Clinton was NOT a "cartoon of a President." He was a pornographic cartoon of a President.

[Maggie_T]

Only matters under a DIMocrat administration. :shame:


Absolutely.