What in the world? This is being promoted as good news! Who else can get away with balancing their checkbook like this? I got fees from the bank when I bounced checks.
“WASHINGTON (AP):The nation’s budget deficit will drop to $205 billion in the fiscal year that ends in September, less than half of what it was at its peak in 2004, according to new White House estimates.
President Bush planned to discuss the figures in an afternoon appearance.
The new figure is considerably smaller than original estimates. In February, the White House predicted that this year’s deficit would be $244 billion because of stronger-than-expected revenue collections. The deficit hit a peak of $413 billion in 2004 and was $248 billion last year. ”


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