Bush's $764 Billion Failure

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When President Bush took office in 2001, he inherited a yearly budget surplus of $284 billion. At that time, he predicted a $516 billion surplus for fiscal year 2006. Yesterday, the Bush administration announced that, in 2006, the federal government ran a deficit of $248 billion, missing its projection by $764 billion. Bush considered this a smashing success.

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At www.americanprogressaction.org

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