The Deficit Is Smaller . . .

. . . but government is bigger.
By Phil Kerpen

"The Treasury Department released the results for the fiscal year 2006 budget last week. As has become the norm in recent years, the numbers blew the official projections out of the water. The deficit, at $247.7 billion, is $175.5 billion less than projected in the January budget, and $48.1 billion less than the White House Office of Management and Budget predicted just three months ago. At about 1.9 percent of GDP, the deficit is lower than it was every single year between 1980 and 1996.

How did this happen?"

- National Review Online