Tuesday, January 26, 2010

Breaking news: Federal budget deficit will fall to $1.35T

Yes, I had been predicting this in my daily report, Fiscal Trend Digest, for quite some time.

What is a shame, however, is that they do not realize that the deficit shrunk because of GROWTH and if they were to enact more aggressive growth policies (like tax cuts/more spending) the deficit would disappear and we would have prosperity and jobs for everyone.

Instead they're going in the other direction: spending cuts/higher taxes, which means this improvement in the deficit will disappear quickly.

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