Friday, October 12, 2007

Awash In Money

The federal deficit is down to $163B for FY07. So, wouldn't we be running a surplus without supplementals for ongoing military ops?

I'm really frightened by what the '09 congress is likely to do with that kind of revenue power. They sure aren't going to give anybody a tax break. Debt retirement would be lovely, but I'm betting on a plethora of grand gestures and a lavish party at the slop trough.

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