Saturday, October 07, 2006

Bad News for Democrats

Good news for the country is bad news for the Democrats. The AP reports this:

The federal budget estimate for the fiscal year just completed dropped to $250 billion, congressional estimators said Friday, as the economy continues to fuel impressive tax revenues. The Congressional Budget Office's latest estimate is $10 billion below CBO predictions issued in August and well below a July White House prediction of $296 billion. The improving deficit picture - Bush predicted a $423 billion deficit in his February budget - has been driven by better-than-expected tax receipts, especially from corporate profits, CBO said.

Why isn't the White House trumpeting this news from the rooftops?

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