Saturday, August 11, 2007

Deficit Falling, But Remember When We Had a Surplus?

The Bush Administration will be full of itself the next few days, crowing about the decline in the budget deficit so far this year to $157.3 billion, compared to $239.6 billion a year ago.

It would be good news, were it not for the fact that George Bush inherited a budget surplus from the president Republicans love to hate.

The AP reported the budget figures in a story Saturday (August 11, 2007) carried in the Lansing State Journal.

The story notes that spending was higher this year than last, and it says that Bush
"has called on the Democratic-controlled Congress to show some restraint in its spending."

Excuse me, but who signed all those spending bills into law? And which party was in control of Congress up until January?

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