DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" ""> PELICANPOST.BLOGSPOT.COM: Big News! "Deficit Dwindles Thanks to Bush's Tax Cuts"

Thursday, June 15, 2006

Big News! "Deficit Dwindles Thanks to Bush's Tax Cuts"

Had you noticed that the Democrats have been curiously quiet about one of their stock agenda topics that is usually a must-carp-against issue---the national deficit? The silence has been deafening.

Well, now we know why the silent roar. Statistics show that there has been a dramatic drop in the deficit, due to President George W. Bush's tax cut plan. And the Republican Majority's getting that plan through the U.S. Congress.

Yes, the Congressional Republicans deserve some credit here, too, since they had to fight to get the tax cuts passed in both the House and Senate---and fight later to keep time-limited tax cut provisions from expiring. They will also have to continue their fight to make remaining time-limited tax-cut provisions permanent. And the rest of us must make sure Republicans remain in control of both chambers in order to accomplish that.

Soooo....., isn't it about time to shout the good news from the rooftops and give credit where credit is clearly earned and due? Republicans don't have to follow the bad-news-all-the-time proliferators' example. We need to aggressively get all the good news out there for a change!

You've gotta' read the outstanding good-news facts, below and here. And, please spread the word.
"The Investor’s Business Daily (IBD) ran an editorial yesterday that addressed the lack of credit given to the Bush Administration for the improvement seen in the nation’s budget deficit.

Two years ago, President Bush was criticized when he vowed to cut the deficit in half by 2009. The 2004 budget deficit was forecasted at $521 billion, or 4.5% of GDP. Since May 2003, the President’s fiscal policies have created 5.27 million new jobs, $1.16 trillion in added economic output, an 8.9% gain in productivity and $14.2 trillion jump in personal wealth, reported IBD.

Bush’s ridiculed tax cuts have without a doubt caused the economy to grow. Proof can be seen in the numbers.

The Congressional Budget Office reported that receipts in the first eight months of the year showed a 12.8% increase, only outdone by last year’s 15.5% rise. These improvements mark the trend in economic progress made by the Bush Administration, and other administration successes that the liberal media has failed to report.

As tax revenues continue to pour in, will the national media ever recognize that Bush is on the right track to fulfilling his promise to the American people? The Boston Globe labeled the President’s plan to cut the federal deficit as “unlikely.” The publication also quoted Robert Bixby, head of the Concord Coalition, when he said the plan was “not credible...”

Last year, Treasury Secretary John Snow was criticized when he said “the President’s legacy will be one of having significantly reduced the deficit in his time...” Thomas Mann, a Brookings Institution analyst, described the Snow’s prediction using words such as “laughable” and “pathetic,” completely undermining his creditability....

Even as Congress continues to spend more and more money..., the deficit is dwindling and no longer remains as a key concern to the media. With the deficit this year seen at about $270 billion, Bush’s promise to cut it in half by 2009 looks to be an achievable plan, potentially reached three years early.

Bush’s economic success has been ignored in most all cases by the mass media... The liberal media cannot admit to the fact that the President’s tax cuts have saved the American economy..."

(Emphasis added by yours truly.)

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