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.

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