This is a fiscal situation in which we cannot rely on economic growth to cause deficits to disappear.

Douglas Holtz-Eakin

IMPEACH BUSH

"Dedicated to exposing the lies and impeachable offenses of George W. Bush"

Archive:
80 79 78 77 76 75 74 73 72 71 70 69 68 67 66 65 64 63 62 61	88 87 86 85 84 83 82 81

60 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 41	40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21	20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1
Index

July Deficit is nearly triple that of 2007

CNN
August 12, 2008

WASHINGTON (AP) -- The government says the federal budget deficit soared in July, pushed higher by economic stimulus payments and $15 billion in outlays to protect depositors at failed banks.

The Treasury Department reported Tuesday that the deficit for July totaled $102.8 billion, nearly triple the $36.4 billion deficit recorded in July 2007.

The deficit beats the $97 billion gap that Wall Street economists had been expecting for July.

Original Text