Tuesday, October 21, 2003


Yahoo! News - U.S. Posts Record $374.22 Billion Budget Gap in 2003
"For the year, the government brought in $1.782 trillion in revenues. Individual income taxes, the largest
source of federal revenues, and were down about 7.5 percent from 2002. Spending was up sharply, as
federal outlays grew by 7.2 percent, to $2.156 trillion."

"President Bush (news - web sites) has taken us from the biggest surplus in the nation's history to the
biggest deficit in the nation's history in just three years," said Kent Conrad, ranking Democrat on the Senate
Budget Committee.

In 2000, the government posted a record $236.92 billion surplus.
Sure wish I could spend like this.