It’s a long way from the days when Congress was arguing over how to spend the surplus, but it’s noteworthy that the federal deficit shrank from 2004′s record $412 billion to $319 billion for the 2005 budget year that just ended. Too bad the progress, attributable to higher tax revenues because of the economy’s improvement, will be undone by the monumental costs of rebuilding the Gulf Coast.
Posted by Rhonda Holman
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