Wednesday, January 12, 2005

I guess they just forgot to run this story

Click here for AmazonThe "non-biased" folks at CBS -- and the vast majority of other mainstream media all-stars -- somehow didn't report upon this interesting and -- one would think -- quite important news. I guess they just forgot. Yowzer, Dan, it's hotter in this studio than the July Fourth Chili cook-off in Austin, TX!

WASHINGTON, Jan 7 (Reuters) - The U.S. government ran a $1 billion budget surplus in December, helped by a rise in corporate tax payments, the Congressional Budget Office said in its latest budget report released on Friday. The surplus, which compared with an $18 billion deficit in the previous December, helped create a smaller fiscal deficit for the first three months of the 2005 fiscal year, than in the same quarter of the prior year.

Reuters: US Ran Budget Surplus in December


PoliPundit reader CJ points out this little adjunct to the story:

"CBO is projecting that the deficit will narrow slightly to $348 billion in 2005″

Hows that for liberal media bias? In only a far left extremist mind could a whopping 16.7% reduction in the deficit in a single year as "narrowing slightly."

Now a little math lesson for the mathmatically challenged donks. Bush has said his goal is to cut the deficit in half by 2009. Now we know that would be impossible with that paltry 16.7% reduction yearly cause Reuters said its just such a slight reduction. Get your calculators out, if you extrapolate that paltry 16.7% for each year until 2009 what number do you come up with? The answer is 168. As in the deficit will be at 168 billion in 2009. Well well well, even you donks can figure out thats a 60% reduction in the deficit from last year.

Oh, yeah, there was a 16.7% reduction in the deficit, too, that CBS (and the rest of the MSM) 'forgot' about.

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