Friday, July 30, 2004

Oh wow! Bush really did suppress the deficit numbers 'til after the Convention 

And of course, the figures are as awful as we expected

This year's federal deficit will soar to a record $445 billion, the White House projected Friday in a report provoking immediate election-season tussling over how well President Bush has handled the economy.

Administration officials hailed the budget figures as a solid improvement over the deficits analysts forecast early this year, and said they were on their way to their goal of halving this year's shortfall in five years.
(via AP)

If you believe, clap your hands!

Hey, at least its nice to know that the Republicans have finally abandoned Keynesianism. I mean, it used to be that with a record deficit you could at least buy some stimulus for the economy, but the economy's tanking too!

Steady leadership right down the tubes....

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