Ah...Noooo, it isn't....if you count into the deficit number the SSI annual surplus of 101.1 Billion (last year) that the Congress spends each and every year.....in addition to what was reported as 440 Billion.Psst, the Deficit's ShrinkingWhy won't anyone say it?Here's one story you won't find on tomorrow's front pages: “The U.S. Budget Deficit Is Shrinking Rapidly.” The headline would be accurate, but the mainstream media is much more interested in talking down this booming economy than telling it like it is.http://www.nationalreview.com/kudlow/kudlow.aspaydudaThen of course we can add in the additional "debt service costs" as the ST rate climbs; 2.25% Ffunds currently, likely capping to 3.0% (SWAG) by 2005 YE.Hang onto your wishes hopes & prayers......a declining Deficit ain't gonna happen, at least not in my lifetime, or we believe in the Easter Bunny & the Toothfairy....KBM (age 61 & counting to 66 - with a T-Bond portfolio for the last 34 years and the experience to go with it)PS: Not to be offensive about it - (But anybody that "listens to L Kudlow", deserves exactly what will happen to them)
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