Budget Surplus little help to long term outlook

Look for crowing from the Bush Adminstration this week.  Government revenues are up.  More revenue from the wealthy and businesses have helped take in more than $100 Billion more than previously projected by the Congressional budget office.  No one projected the increase.  This does not mean that we aren’t going to have a deficit this year.  It just means that the deficit isn’t going over $300 billion. 

Now, government revenues are still below what they were under Clinton.  So?  Look for the Bush Administration and the supply siders will try to convince everyone that their policies work.  The evidence is clear.  It didn’t work under Reagan or Bush I.  It ain’t working now. 

Read more

Subscribe for updates!
ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

Books

A Letter to America

The Thirteeneth Juror

Where is The Outrage Topics
Categories
FOLLOW ME ON