Thursday, November 10, 2005

Budget Deficit Falls by 17.57 Percent

In keeping with my statement yesterday about the economy being in great shape, check out this piece of news.
Budget Deficit Falls by 17.57 Percent:
October 2004 = $57.300 billion deficit.
October 2005 = $47.231 billion deficit.

Spending was flat on a year-over-year basis. While revenues for the gummint (i.e., tax receipts) were up sharply.

Of course, as any long-term reader of this blog will know this really isn’t a post about the deficit. Or it’s only about the deficit in part.

Let me put it this way:

How many people saw the same headline I wrote anywhere – *anywhere* – in the national media???
The answer of course is nowhere. You will not see news in the paper if it might reflect positively on Bush. Meanwhile Mark Warner a "moderate" has a budget surplus padding his approval ratings.