The Shrinking US Deficit

Courtesy the New York Sun, here’s where the “out-of-control” US spending deficit is heading.

Deficit % of GDP
2004 $413 billion 3.6%
2005 $318 billion 2.6%
2006 $248 billion 1.9%
2007 $158 billion 1.2%

The 2007 estimates come from the Congressional Budget Office.

Aren’t tax cuts grand?

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