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Say it Ain't So!
If current trends continue, the budget will balance itself some time next year. Which is of course obvious to everyone, seeing as how the media have been emphasizing US economic growth and prosperity, as well as highlighting the downward trend of the deficit. Certainly they've all been talking about how tax cuts really did help the economy and reduce the deficit.
lolz I love the name for the guys website (And the Link)
Optimist.
I am not even going to go into what I think a "Balanced" budget should mean (Yet a 5th year of Suplimentals for the same dang thing) because, after all, it's a supplimental item even if you have to request it for the same thing for the next 20 years. But then again I guess I am just to simple to understand these things.
If you want to read thru a slightly less Optimistic (And lots more detailed) report do a google search on Congressional Budget Office and look under CBO's Current Economic Projections.
Posted by: jeff on May 11, 2007 12:03 PM