Quick, liberal media: get a story about “man-made global warming” and Iraq war dead or … Hillary!
Jul 11 08:52 AM US/Eastern
WASHINGTON (AP) – The nation’s budget deficit will drop to $205 billion in the fiscal year that ends in September, less than half of what it was at its peak in 2004, according to new White House estimates.
President Bush planned to discuss the figures in an afternoon appearance.
The new figure is considerably smaller than original estimates. In February, the White House predicted that this year’s deficit would be $244 billion because of stronger-than-expected revenue collections. The deficit hit a peak of $413 billion in 2004 and was $248 billion last year.
Three years ago President Bush had promised to cut it in half by 2009, and that goal has now already been beat. The liberals’ CNN cheerfully reported in 2004:
CNN – Jan. 2004: “Like a cowboy-boot wearing David Blaine, President Bush has promised to perform an amazing feat of prestidigitation: he’s going to saw the whopping federal budget deficit in half in just five short years.
But some observers warn the budget proposal he will submit Feb. 2, which will include projections of a greatly reduced deficit by 2009, will be little more than smoke and mirrors — unless he and Congress can show a lot more fiscal discipline than they have recently.”
And by the way, the choice word the CNN reporter looked up to use in that piece:
prestidigitation
n.
1. Performance of or skill in performing magic or conjuring tricks with the hands; sleight of hand.
2. A show of skill or deceitful cleverness
So at least they’re fair and balanced.
But don’t worry, “George Bush’s war in Iraq” is still a “quagmire”.
PTBC was founded by Mr. Johannesen in 2000.
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