The ‘Glum’ Rush

…is overstated.

Within the last 20 minutes, investors have received confirmation that a growing economy during the first half of the year has resulted in large tax collections from corporations, allowing the White House to trim its budget deficit estimates by 30% to $296 bln.

UPDATE: Now THERE’S a headline:

Budget Deficit Drops $296B Under Estimate

Seems W spread the good news his ownself.

President Bush touted new deficit figures Tuesday showing considerable improvement upon earlier administration predictions, trumpeting it as validation of his tax cuts.
Bush himself announced the deficit — a task that has in the past been left to lower-ranking administration officials. The figures show that the deficit for the budget year ending Sept. 30 will be $296 billion — much better than the $423 billion that Bush predicted in February and a slight improvement over 2005.

3 Responses to “The ‘Glum’ Rush”

1. Ken Summers says:

   July 11, 2006 at 10:58 am

   Open tag there, sis

2. tree hugging sister says:

   July 11, 2006 at 11:03 am

   Merci, Msr. Summers. Ah haf feex’d eet.

3. it comes in pints? says:

   July 12, 2006 at 4:39 pm

   Lies

   And the filthy rotten lying motherf***ers who tell them. This post by B.C. set me off once again. Actually, it wasn’t the post itself, but a link provided by a commenter that really set me off. What a foul, steaming…