Wow .... good news!
The budget deficit is only around $300 billion instead of the projected $420 billion! Bush is crowing like a new daddy about how his tax policies are really working!
Nevermind that he made sure the estimates were pessimistic from the beginning or that being $300 billion under water is "improvement". It's a little like only having brain cancer instead of pancreatic cancer.
But you watch as the media laps up this drivel and talks about "improvement" and "upswing". Meanwhile the stock market and the Fed are telling us that this is the peak of the Bush "boom" in the economy. In other words, tax revenue is likely at a high point for years to come.