This is the 4th year in a row that the Bush administration came out with anticipated high budget deficits at the beginning of the year, and then revised them downward in the summer, saying “Our deficit shrank”. Well, if revising your forecast is shrinking… The truth is, compared to last year, the deficit is higher. Word games do not change the fact that the deficit is growing.
This smoke and mirrors game has been covered by some of the more clever newspapers, like the LA Times.
It’s just another gimmick of an administration that works hard to fool us about the true state of the economy. Not picking on Bush – they all do this…
