Tuesday, May 01, 2007

"Skyrocketing" Deficit Still Plummeting Like a Stone

From Babblefest, a tongue-in-cheek look at the actual state of the economy, one of this country's best kept secrets, entitled "That Darned Incompetent President Bush":

The Bush administration just can't do anything right.

First, all numbers have demonstrated that his "tax cuts for the rich" in fact resulted in the rich paying more taxes, the middle class paying less taxes, and millions of lower-income workers being dropped from the tax rolls completely. Of course, that's what the administration said they were trying to accomplish, but you know whatever they say is a lie, and they really meant to cut taxes for the rich.

Now come more numbers that show that Bush's plan to cut the deficit in half by the end of his second term, which, of course, we all know was a lie to cover up the
"skyrocketing" deficit, is also a bust. In fact, Bush's "skyrocketing" deficit
has dropped from $455 billion in April 2004 to $145 billion. And without raising
taxes! In fact, unless someone intervenes - and quickly - to slow economic
growth by, say, raising taxes, at this rate the deficit will disappear entirely by 2009. Clearly, this administration is completely incompetent, if not criminal, in their handling of the economy.

Check the whole thing. Lots of numbers, courtesy of a private investment resource.


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