Harry Hope wrote:

From an East Valley Tribune editorial, 6/18/05:
http://www.eastvalleytribune.com/index.php?sty=43257

A paler shade of red ink
Tribune Editorial


The White House has announced that the fiscal 2005 federal deficit
will be "well below" its February forecast of $427 billion.

Of course, most experts believed that forecast was set way too high to
begin with to exaggerate any progress on cutting the deficit.

No other major forecast was over $400 billion and the Congressional
Budget Office pegged it at $394 billion.

The White House won’t say how much is "well below" until its next
scheduled estimate in July, but the CBO and other analysts now say the
deficit will be around $350 billion.

The idea that a $350 billion deficit is somehow good news would have
been inconceivable just four years ago when the budget was in surplus.

Nonetheless, the Bush administration feels confident enough about the
size of our deficit to have begun lecturing other nations on the size
of theirs last weekend at a meeting of G-8 finance ministers.

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Main Entry: chutz·pah

Variant(s): also chutz·pa /'hut-sp&, '[k]ut-, -(")spä/

Function: noun

Etymology: Yiddish khutspe, from Late Hebrew huspAh

supreme self-confidence : NERVE, GALL

synonym see TEMERITY

From Merriam-Webster

Harry

It's my understanding that money for the war in iraq is not included in
the deficit projection, pop it in and the defict is over 400 billion

A paler shade of red ink Tribune Editorial

The White House has announced that the fiscal 2005 federal deficit
will be "well below" its February forecast of $427 billion.

Nonetheless, the Bush administration feels confident enough about the
size of our deficit to have begun lecturing other nations on the size
of theirs last weekend at a meeting of G-8 finance ministers.

It's my understanding that money for the war in iraq is not included in
the deficit projection, pop it in and the defict is over 400 billion