It's not so much The Deficit as it is the total Debt. 7+ trillion is a far cry from 250 billion or so with no real track record. You cannot keep cutting taxes and raising the debt limit. It's like paying the minimum on a credit card.   

Even if we think we are on the right track, the US is paying back the money with interest that will keep the country in debt for many many years to come... 
-------------- Original message from Denys Beauchemin <[log in to unmask]>: -------------- 


> Have you seen this one anywhere? 
> 
> http://www.investors.com/editorial/IBDArticles.asp?artsec=5&issue=20060612&v 
> iew=1 
> 
> Title: "Bush May Meet Vow To Halve The Deficit Three Years Early" 
> 
> "Tax revenues are running $176 billion, or 12.9%, over last year, the 
> Treasury Department said Monday. The Congressional Budget Office said 
> receipts have risen faster over the first eight months of fiscal '06 than in 
> any other such period over the past 25 years - except for last year's 15.5% 
> jump. 
> 
> The 2006 deficit through May was $227 billion, down from $273 billion at 
> this time last year. Spending is up $130 billion, or 7.9%." 
> 
> Read the rest. 
> 
> 
> Denys 
> 
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