
“These budget numbers are not just estimates; these are the actual results for the fiscal year that ended February the 30th.”—Our president, Oct. 11, 2006.
Brad DeLong:
President Bush Discusses the Economy and Budget:
THE PRESIDENT: Thank you all. Please be seated. Good afternoon. Thanks for coming to the White House. In 2004, I made a promise to the American people, we would cut the federal budget deficit in half over five years. Today I’m pleased to report that we have achieved this goal, and we’ve done it three years ahead of schedule.
This morning my administration released the budget numbers for fiscal 2006. These budget numbers are not just estimates; these are the actual results for the fiscal year that ended February the 30th.* [sic] These numbers show that the budget deficit has been reduced to $248 billion and is down to just 1.9 percent of the economy…
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