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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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

You can email Jim Hoft here, and read more of Jim Hoft's articles here.

 

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