Sunday, May 16, 2004

 

Hard Working Americans Cut Deficit, Congress Determine to Increase it

As I was looking for topics to discuss today, I came across some good news about the federal deficit. Due to an unexpected increase in tax payments by hardworking Americans, the deficit for the current year is likely to be $100 billion less than the $500 billion plus projected. Of course Congress is working to reverse that... Cutting taxes (which I support) is easy to do, but what about controlling spending? What happened to the zero baseline promise (e.i- any new spending/tax cuts must be offset elsewhere in the budget) made by the GOP?

http://www.washingtonpost.com/wp-dyn/articles/A64130-2004May3.html

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