US deficit is shrinking, for now

[Okieflyer]

Must be because the dems are in charge.
Dang tax cuts.:rolleyes:


US deficit is shrinking, for now (http://www.csmonitor.com/2007/0221/p01s03-usec.html)

[SicEmBaylor]

Now if we could just balance the budget and reduce spending at a comparable rate to the tax cuts then I'd be pleased.

[SoonerStormchaser]

SicEm for President!

The only thing...who would be his first lady since he's sworn to eternal celibacy? BSG?

[tommieharris91]

I've actually heard this is a bad thing, basically because we're one of the only countries in the world that has the ability to pay equal value of what we trade for.

[StoopTroup]

Hilliary will fix everything.

Just wait. :D

BTW...will Bill be called 1st Lady or 1st Gentleman?

[PAW]

BTW...will Bill be called 1st Lady or 1st Gentleman?

1st Pimp, the man is jonesin to get back in the White House. With Hillary away on bidness, he'd be breaking out the ceegars. :texan:

[OklahomaTuba]

I've actually heard this is a bad thing, basically because we're one of the only countries in the world that has the ability to pay equal value of what we trade for.

I think you mean the other deficit, which is the trade deficit?

[jacru]

Now if we could just balance the budget and reduce spending at a comparable rate to the tax cuts then I'd be pleased.
I detect the fallacy that tax cuts reduce revenue. The Reagan years had huge tax cuts and nearly doubled revenue.:) The congress also spent all of it. :mad:

[SicEmBaylor]

I detect the fallacy that tax cuts reduce revenue. The Reagan years had huge tax cuts and nearly doubled revenue.:) The congress also spent all of it. :mad:

I know tax cuts don't reduce revenue, but that doesn't mean that tax cuts shouldn't be coupled with equal cuts in spending.

[jacru]

I'm in for both SicEm.

[jeremy885]

You take out the SS surplus and that 170 billion deficit becomes a 300-400 billion deficit. Still a long way to go.