Incredible Shrinking Deficit Keeps Shrinking

This just in:

The U.S. federal budget deficit shrank to $52.8 billion in July from $69
billion a year ago, the Treasury Department said Wednesday. The deficit
was about $5 billion less than the $58 billion estimated by the
Congressional Budget Office a week ago. Receipts came in $1 billion more
than expected, while outlays were $4 billion less than CBO projected.
Through the first 10 months of the fiscal year, the federal deficit has
totaled $302.6 billion, $110.2 billion less than at this time in 2004.
Receipts are up 13.7% year-to-date at $1.75 trillion. Outlays are up about
6.1% year-to-date at $2.05 trillion.
That's a 23% decline year-over-year. It's also 9% less than what CBO
projected just one week ago.

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U.S.A.F. VET.
3rd LES CAB, PI