Wednesday, August 13, 2008

The Bush Economy - exceeding expectations, as usual

Unfortunately for us, the expectations are always negative.

Deficit for July Exceeds Wall Street Prediction -
The federal budget deficit soared in July, pushed higher by economic stimulus payments and $15 billion in outlays to protect depositors at failed banks.

The Treasury Department reported that the deficit for July totaled $102.8 billion, nearly triple the $36.4 billion deficit recorded in July 2007.

The deficit outstripped the $97 billion gap that Wall Street economists had been expecting for July.
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