News flash for the Dems
TAX CUTS WORK!!!!! That is the news today out of DC and St Paul.
"The U.S. recorded a budget deficit of $248 billion in the fiscal year ended Sept. 30, $48 billion less than the government predicted in August and the narrowest spending gap since 2002. "
The Prairie Pravda had this to say about the good news.
"The federal budget deficit, helped by a gusher of tax revenues, fell to $247.7 billion in 2006, the smallest amount of red ink in four years.
The deficit for the budget year that ended Sept. 30 was 22.3 percent lower than the $318.7 billion imbalance for 2005, handing President Bush an economic bragging point as Republicans go into the final four weeks of a battle for control of Congress. "
WCCO had this bit of even better news (HT to AAA at Residual Forces):
"A strong budget report released Tuesday -- showing $524 million in unexpected tax collections since February -- is boosting the likelihood finance officials will predict a budget surplus when a comprehensive economic forecast is issued Nov. 30.If the current trends hold, the surplus would trigger an obscure law forcing state leaders to consider a tax rebate, much like the checks taxpayers got when Jesse Ventura was governor."
Deficit lower than expected or forecast...state revenues so high that it is likely to trigger automatic tax rebates...it just doesn't get any better...unless you are Mike Hatch or Amy Klobuchar or Patty Wetterling or any other Democrat that is running on a "repeal the tax cuts" platform! Karl Rover couldn't have planned it better than this if he tried!
"The U.S. recorded a budget deficit of $248 billion in the fiscal year ended Sept. 30, $48 billion less than the government predicted in August and the narrowest spending gap since 2002. "
The Prairie Pravda had this to say about the good news.
"The federal budget deficit, helped by a gusher of tax revenues, fell to $247.7 billion in 2006, the smallest amount of red ink in four years.
The deficit for the budget year that ended Sept. 30 was 22.3 percent lower than the $318.7 billion imbalance for 2005, handing President Bush an economic bragging point as Republicans go into the final four weeks of a battle for control of Congress. "
WCCO had this bit of even better news (HT to AAA at Residual Forces):
"A strong budget report released Tuesday -- showing $524 million in unexpected tax collections since February -- is boosting the likelihood finance officials will predict a budget surplus when a comprehensive economic forecast is issued Nov. 30.If the current trends hold, the surplus would trigger an obscure law forcing state leaders to consider a tax rebate, much like the checks taxpayers got when Jesse Ventura was governor."
Deficit lower than expected or forecast...state revenues so high that it is likely to trigger automatic tax rebates...it just doesn't get any better...unless you are Mike Hatch or Amy Klobuchar or Patty Wetterling or any other Democrat that is running on a "repeal the tax cuts" platform! Karl Rover couldn't have planned it better than this if he tried!
posted by The Lady Logician at
5:51 PM
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