Friday, February 06, 2004

Attention: (Budget) Deficit Disorder


The good news:
Bush has proudly projected that the deficit will be cut in half by 2009.

He projects the deficit will be (-$237,076,000,000) in 2009 compared to the estimated (-$520,741,000,000) deficit his proposed budget provides this year.

The bad news:
In 2000 when Bush was elected, the US had a $236,445,000,000 annual surplus.

Apparently, Bush's definition of fiscal responsibility and success includes leaving office with an annual deficit that equals the annual surplus he inherited.

Source: White House Office of Management and Budget

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