Forecast: Deficits To Last Into ‘05
Triple zoinks. At least Reagan had a few years to put the screws to the economy. W seems to be moving at hyperspeed here.
That number has shrunk because of a plunge in tax receipts, the likes of which has not been seen since the repeal of World War II surtaxes 56 years ago, said CBO Director Dan L. Crippen.
Update: this op-ed from the Post has this whopper:
"We should control what we can," said Office of Management and Budget Director Mitch Daniels, "which is spending."
And who, pray tell, controls tax cuts?