Tuesday, May 15, 2007

Federal Budget forcast - Skeptical Optimist

The Skeptical One has updated his monthly trending for the Federal budget deficit. If the current trends continue, the US government budget will go into surplus in April 2008. While Steve isn't necessarily a fan of balanced budgets (particularly if the money is spent wisely on important things like making us all more secure) he is looking forward to the prospect of all the lefty trolls having to think up a different reason (other than the deficit) to raise taxes, as has been widely proposed by a number of leftist political pundits and candidates. He also likes the idea of the campaign debate being changed from raise taxes vs cutting spending to "add in a third issue, grow the economy". I have to agree completely on that point. Steve's chart showing the trend lines and their intersection shamelessly stolen above.

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