The $764 Billion Failure
When President Bush took office in 2001, he inherited a yearly budget
surplus of $284 billion.
At that time, he predicted a $516 billion surplus for fiscal year 2006.
Yesterday, the Bush administration announced that, in 2006, the federal
government ran a deficit of $248 billion, missing its projection by $764
billion.
President Bush considered this a sma****ng success.
In a speech yesterday, Bush said the numbers were "proof that pro-growth
economic policies work" and an example of "sound fiscal policies here in
Wa****ngton."
Although the deficit declined from $318 billion last year, "the long-term
outlook remains bleak." If the President is successful in implementing his
economic agenda -- including making his tax cuts permanent for the
wealthy -- "deficits will total nearly $3.5 trillion over the next 10
years."
http://www.democracyinaction.org/dia/track.jsp?key=206456487&url_num=24&url=http://www.cbpp.org/10-11-06bud.htm
Nice job Bush. I'm glad you and Neil and Jeb aren't running MY bank.
One day Americans will execute people like Bush.
