The White House Wednesday is expected to project a U.S. budget deficit for this year of just over $200 billion, down from prior estimates because of strong tax receipts, Republican sources said.
A deficit for fiscal 2007 in that range would mark a decline from the $248 billion gap recorded last year. The fresh estimate will be unveiled at 1 p.m. ET in the administration's "midsession review" of the budget.
Because Republicans are good at managing your money. I truly no longer believe anything this administration says. If there is a decline, it is because Bush has cut essential spending on education and healthcare. He is also probably using Enron-style accounting and excluding several new things that would otherwise increase the deficit. Like the Iraq War, which is funded off the books through special appropriations bills.
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