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Essay

Budget Deficit

Essay specific features

 

Issue:

Business

 

Written by:

Kimberly S

 

Date added:

November 4, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 335

 

Was viewed:

1066 times

 

Rating of current essay:

 
Essay content:

Spending rose 7.4 percent to a record $2.65 trillion. George W. Bush is delivering two years early on his promise to cut the deficit below 2 percent of gross domestic product, down from 3.6 percent in 2004. In February the Bush administration predicted a fiscal 2006 deficit of $423 billion, and then slashed the estimate to $296 billion in August amid record tax revenue...
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The Treasury on Sept 15 took in an unprecedented $85.8 billion in taxes, including a one-day record $71.8 billion in corporate taxes. Bush credited the "strong and growing" economy as helping to reduce the federal deficit. Reaction When I read this article it surprised me. I was surprised by the article itself, but also that news like this hasn't received more discussion...
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