Didn’t see this on the front page of the WaPo or the Times today, but it’s good news: The non-partisan Congressional Budget Office (CBO) has forecast over a $100 billion drop in the 2007 deficit. The original estimate was for $286 billion, the new estimate is for $172 billion. You’d have to say that’s moving in the right direction, no? And, higher-than-expected tax receipts continue to help ease the deficit. With tax cuts comes prosperity. Let’s everybody remember that, shall we?
Here’s a link to Office of Management and Budget Director Rob Portman’s statement on this unabashedly good news.
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