Scott Milburn Deficit Quotations

The CBO report confirms the dramatic improvement in the 2005 deficit picture that the Administration reported last month, ... A strong economy fueled by tax relief is generating stronger-than-projected revenues.

Currently the federal government does share royalties with coastal statesmore than $3 trillion to date, in fact. Changing this amount only increases the budget deficit and diminishes the benefit the rest of the nation receives from these national resources.

Instead, the president's subsequent budgets have increased funding for all of these programs. The country can meet the goal of cutting the deficit in half and still invest in key programs for vulnerable Americans, and claims to the contrary aren't supported by the facts of recent budget history.

This report confirms the dramatic improvement in the 2005 deficit picture that the administration reported last month, ... The president is committed to the combination of strong economic growth and spending restraint that will keep us on track to cut the deficit in half by 2009.

It should be no surprise that two different organizations, using different analysts, different methodologies and different assumptions come to different math at the end of the day. Where there's no difference, however, is that both OMB and CBO forecast that we meet the president's goal of cutting the deficit in half by 2009.