Damn That Bushchimphitler…Again!!!

WASHINGTON (Reuters) – The White House on Wednesday slashed its forecast for the fiscal 2005 budget deficit by nearly $100 billion after the government raked in unexpectedly large tax revenues in recent months.

And…

WASHINGTON (Reuters) – The U.S. trade deficit narrowed unexpectedly in May to $55.3 billion as exports set another new record and a short-lived drop in oil prices kept imports from reaching a new high, a government report showed on Wednesday.

Sucks to be rollin’ right along.

categories Public Service Announcement | | datetime July 13, 2005 1:40 pm

5 Responses to “Damn That Bushchimphitler…Again!!!”

  1. Bill McCabe says:
    July 13, 2005 at 3:57 pm

    I’m not too excited by the lower budget deficit. It’s like being told “Good news! We were able to amputate your leg below the knee, instead of above.”

  2. tree hugging sister says:
    July 13, 2005 at 4:19 pm

    I think the better news is in the increased tax revenues.

  3. The Real JeffS says:
    July 14, 2005 at 1:36 am

    Agreed, THS. Increased tax revenues means increased profits, especially since the tax revenue came from *corporate* profits. So the economy is perking up. CQ had a pretty good post on this, with the valid comment that Bush needs to reign in Federal spending.

  4. Bill McCabe says:
    July 14, 2005 at 8:00 am

    The problem is that Bush doesn’t have the slightest interest in reigning in federal spending. Non-defense spending is up almost 30% under his presidency.

  5. Mr. Bingley says:
    July 14, 2005 at 8:04 am

    Yeah, I agree Bill. It’s a friggin’ mess.

Image | WordPress Themes