Re(1): ‘Analysts Call Outlook for Bush Plan Bleak’, Washington Post, Jonathan Weisman
Yup, that incompetent boob we know as George Boosh lied again and promised to cut the annual budget deficit in half by FY2009 - during a Presidential election no less.
What a panderer...
Well, let us take BusHitler at his word…
He said he would cut the deficit in half when the CBO was projecting a $520 Billion deficit in FY2004 – during the Presidential election campaign. For my Liberal readers that would mean that Booosh’s Budget would run a deficit of $260 Billion in FY2009 – his last year in office.
Last year we ran a $318 Billion deficit.
That is with a $57 Billion surplus for April 2005.
That was a mere $78 Billion from his target deficit…
And, let us complicate things.
Read the referenced article and note that Bush is now budgeting:
- Dramatically increased funding for the Department of Defense
- Funded a huge increase in the Department of Homeland Security (Katrina)
- And, is paying more on Federal debt interest
So, to get to $260 Billion we probably need an April 2006 surplus of about $110 Billion
And, to get to $210 Billion we probably need an April 2006 surplus of about $155 Billion
This year California posted April tax revenue 40% higher than expected.
Hmmm, the numbers come out on the eighth working day of the month – Wednesday May 10th. I can't wait...