Budget deficit cut... again...
|We're still in a deficit and the numbers show a spending increase. Fortunately that was offset by huge revenue increases...|
Bush has called his strategy pro-growth, and despite the economic slowdown the economy is still on the black as far as quantatative growth. In fact Wall Street is now predicting that the Fed will start decreasing rates by June to help boost the economy and spur more growth.
And regardless of what numbers you use (projected or actual), Bush has slashed the deficit, and a war-time deficit at that. And while that should garner him praise (and it won't), we should also implore him and Congress as well to not get too carried away patting themselves on their backs just yet. A deficit is still a deficit, and with the projected economic slowdown over the next 6 months, we can't allow for another spending increase. Cut the fat, Dubya. Tell Congress to stop the pork. There's going to be less revenue coming in so we need less spending as well if we want that deficit to keep shrinking.