Bush Ahead of Schedule in Cutting the Budget Deficit

The President’s tax relief jump-started the ailing American economy inherited from the previous administration in January 2001, boosting tax receipts to record levels.

Over the near term, if stronger-than-forecast economic growth continues, it is entirely possible that we could see surpluses before the President leaves office. Yes, even with massive spending increases.

WILLisms charted this surprising development.

You Might Like