Hooverville...

Re(1): 'August Monthly Treasury Statement', Federal Government

ALERT: THIS IS SMACK.

WARNING: Do not click on these links till tomorrow. These links will point to the August 2006 Monthly Treasury Statement if they follow their consistent naming conventions. Right now, they point to nothing. The report is published on the eighth working day of the month. Smack has no value when the game is over, eh...

Obviously, America is a giant Hooverville...

Prediction: Tomorrow's August Federal Deficit will come in at around 10 Billion dollars - potentially less...

Meaning: We will be looking at an annual Federal Budget Deficit of less than 200 Billion dollars.

This means that this years annual deficit will be 118 Billion less than last year.

This includes all DOD spending - to include the 2006 suplimental.

This includes all expected Katrina spending.

This is < 1.5% of our growing GDP.

This is < 7.5% of our shrinking spending growth.

Next year the DOD suplimental will be significantly reduced and there will be no new Katrina spending. Libs, the economy is expanding in a sustainable fashion. The tax base is growing in a rapid fashion. And, there is pressure on the Republican Congress to reign in spending.

DO NOT PLACE YOUR BETS AGAINST A REPUBLICAN CONGRESS BALANCING THE BUDGET BY NEXT YEAR.