Monday, August 13, 2007

Deficit Even Lower Than Predicted

As the latest sign of our roaring economy, the Washington Post reports that the national deficit will be even lower than the White House predicted, around $157 billion. This is the result of record revenues pouring in, which is the result of some of the largest tax cuts in history, and it's happening despite the fact that government spending is at an all-time high.

As I've blogged about before (here, here, and here), this is something that every American should be watching since it hits YOUR pocketbook EVERY DAY. Don't let Congress roll back those tax cuts (as they will try to do in September) and make your pocketbook significantly emptier. Let them hear from you. It's your money, not theirs!

There's my two cents (two cents I'd very much like to keep, thank you).

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