The Bush Balanced Budget News!

"White House Projects Highest Deficit Ever
By ALAN FRAM

WASHINGTON (AP) - This year's federal deficit will soar to a record $445 billion, the White House projected Friday in a report provoking immediate election-season tussling over how well President Bush has handled the economy.

The administration's annual summertime budget update forecast shortfalls falling to $331 billion next year, then fading to $229 billion by 2009. For each year, the red ink was smaller than the White House envisioned six months ago.

The analysis was released the same day the Commerce Department said economic growth slowed this spring to an annual rate of 3 percent, well below the 3.8 percent spurt that many economists expected. The slowdown was caused by a spending cutback by consumers in the face of high gasoline costs, the department said.

Administration officials hailed the budget figures as a solid improvement over the deficits analysts forecast early this year,...."

UN-FUCKING-BELEIVEABLE!!! HOW IN THE BLUE WHOOPING FUCK DO YOU PUT A POSITIVE SPIN ON THAT???