Quote:
Originally Posted by Silkheat";p="
They have spent and spent
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True, but the tax revenue increase far outpaced the spending:
"Both spending and tax revenues climbed to all-time highs in 2006. The sharp narrowing of the deficit reflected the fact that revenues climbed by 11.7 percent, outpacing the 7.3 percent increase in spending.
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The reason for the improvement this year was a second consecutive big jump in revenues, propelled by strong economic strength. The 11.7 percent increase in revenues was the second biggest percentage gain in history."