Quote:
Originally posted by Mojo_PeiPei
We are still recovering from one of the worst recessions in the history of our country, you can't expect their to be no deficit, nor can you expect their to be a quick fix with a shaky economy.
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Ummm, no not even close. The "recession" we were in was among the mildest in the history of our country. There were three quarters of negative growth with two of those negative quarters being less than a 1% decline in the economy.
The economy has been "recovered" for a couple of years now.
As far as the article, of course economic growth leads to more tax revenue. Whether the deficit will be lower than anticipated will depend heavily on what other revisions to the budget occur.