Another Record for the Bush Administration!
(or, Polishing a Turd.)
By Brad Friedman on 7/30/2004, 7:42pm PT  

Congratulations to the fiscal "conservatives" of the Bush Administration!

While it seemed nearly impossible to beat last years record setting $375 Billion defecit, "the party of smaller government" has done it again!

The numbers are in, and this year...It's another record deficit! $445 Billion! The largest in the history of mankind as a matter of fact!

Sadly, the numbers were released today instead of the more tradition July 15th date. Which is a shame, because they really could have embarrased those Democrats at their convention with this terrific news, which came out just one day too late! Darn the luck!

It's also a shame, because it was late on a Friday before the White House was able to release the numbers, and most of the press had already shut down for the weekend! Curses!

Still...it didn't keep the White House from crowing about this terrific news! As reported by AP:

Administration officials hailed the budget figures as a solid improvement over the deficits analysts forecast early this year, and said they were on their way to their goal of halving this year's shortfall in five years. The White House estimated a $521 billion budget gap for 2004 in February, while the nonpartisan Congressional Budget Office predicted a $477 billion deficit.

"This improved budget outlook is the direct result of the strong economic growth the president's tax relief has fueled," said White House budget director Joshua Bolten.

Mr. Bolten didn't explain how this year's record deficit came about when Mr. Bush had previously told Americans in 2001, that if his tax cuts were passed that we'd have a $262 Billion surplus this year instead.

But never mind that! A record is a record!

So congratulations George W. Bush! And to all of you fiscal conservatives who helped put him into office! Your tax cuts and keen grasp of economics is certainly paying off!

Four more years! Four more years! Four more years!