Deficit Reduction Boogie
Earlier this week, the Republicans celebrated a reduction of the federal deficit to $296 billion (as opposed to the $400 billion projection in February) for the upcoming fiscal year. (ed. note: What a surprise. They botched an estimation. Business as usual in the Bush White House.) While members of the GOP did endzone dances in celebration of the fourth highest deficit — ever — there were some interesting developments this week with government spending on Bush’s misadventure in Iraq and the underworld of war profiteering.
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