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Latest Yearly Federal Budget Deficit Calculation - $568.3 Billion

Discussion in '2006 Archive' started by KenH, Feb 10, 2006.

  1. KenH

    KenH Active Member

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  2. elijah_lives

    elijah_lives New Member

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    The market doesn't care -- look at the 30-year bond issued this week. 4.545%!! An inverted yield curve! Can't use the argument that the deficit will push up interest rates, because the evidence is solidly otherwise.

    Not that I like it anymore than others, but until we get a handle on entitlements, which the Democrats are holding hostage, all we can do is try to grow our way out of it. A 14.5% surge in receipts last year (in a 3.5% economy) shows that the tax cuts have paid for themselves already, and we need to hold firm.
     
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