From remarks by President Bush yesterday on the Office of Management and Budget’s Mid-Session Review:

“Our original projection for this year’s budget deficit was $423 billion. That was a projection. That’s what we thought was going to happen. That’s what we sent up to the Congress, here’s what we think. Today’s report from OMB tells us that this year’s deficit will actually come in at about $296 billion.

That’s what happens when you implement pro-growth economic policies. We faced difficult economic times. We cut the taxes on the American people because we strongly believe that the American people should lead us out of recession. Our small businesses flourished, people invested, tax revenue is up, and we’re way ahead of cutting the deficit — federal deficit in half by 2009.”

This entry was posted on Wednesday, July 12th, 2006 at 8:20 am and is filed under 11th Congressional District, Economy, Tax Relief. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.