Congratulations to the fiscal “conservatives” of the Bush Administration!
While it seemed nearly impossible to beat last years record setting $375 Billion defecit, “the party of smaller government” has done it again!
The numbers are in, and this year…It’s another record deficit! $445 Billion! The largest in the history of mankind as a matter of fact!
Sadly, the numbers were released today instead of the more tradition July 15th date. Which is a shame, because they really could have embarrased those Democrats at their convention with this terrific news, which came out just one day too late! Darn the luck!
It’s also a shame, because it was late on a Friday before the White House was able to release the numbers, and most of the press had already shut down for the weekend! Curses!
Still…it didn’t keep the White House from crowing about this terrific news! As reported by AP:
“This improved budget outlook is the direct result of the strong economic growth the president’s tax relief has fueled,” said White House budget director Joshua Bolten.
Mr. Bolten didn’t explain how this year’s record deficit came about when Mr. Bush had previously told Americans in 2001, that if his tax cuts were passed that we’d have a $262 Billion surplus this year instead.
But never mind that! A record is a record!
So congratulations George W. Bush! And to all of you fiscal conservatives who helped put him into office! Your tax cuts and keen grasp of economics is certainly paying off!
Four more years! Four more years! Four more years!
Hint things are going poorly:
You are bragging about the size of the deficit you created.
Seriously, how can anyone justify voting for this doorknob?
It’s really easy to see how this came about. You see, the tax cut, which wasn’t a tax cut actually was wasted away and didn’t give me a break but obviously wasn’t used for ceasing the deficit. What I mean to say is, when the tax break came in, I was one of the lucky ones to recieve some money from it. However, when tax filing time came, I filed my taxes and saw my return. It was wonderful. But my return was delayed for some strange reason. I then was sent a letter saying that my taxes were wrong. My return was actually less because I had to pay back the money that I already recieved??? What the hell kind of tax break was that? A temporary one obviously. Now I realize that this article wasn’t about the tax cut. However, I do have to say – where the hell is all this money going? Obviously not to help the deficit. Hmmm, can we survive the next few months or should I say AFFORD it?
Kimber – your fault for not knowing how to fill out your taxes. The tax cut was an advance from what I remember. Your income tax rate should have also gone down by 1%. Mine did. I get more money back every paycheck. That is a tax cut. The money is going to the War and the great social programs.
Okay Paul, so when I read a letter saying that the money I was getting back was in fact due to the fact that I was going to get more back in taxes when I did file due to a tax cut. But then, in actuality, when I filed my taxes the tax cut did not get me more money back so I had to pay the money back. That’s some great tax cut. Where did I benefit from it? It wasn’t a tax cut, it was a loan. Oh, and I didn’t file my taxes myself – I had a professional do it. So, maybe the tax laws are so confusing that a professional didn’t get it. Or maybe it is as I thought, just a false front to buy approval ratings. As for the money going for the war – I won’t get into that. And I do have to laugh at you saying that it goes to the "great social programs" since that is my field and I can tell you, the social programs under Bush are not "great".