The Bu$h administration saying they 'performed better than expected' means little of nothing. The reality is: Did they performed up to established standards? And the answer gives them failing grades...as there's no spinning a $400 Billion deficit. !
This is the third straight year in which the White House has summoned reporters well ahead of the official budget release to project a higher-than-anticipated deficit. In the past two years, when final deficit figures have come in at record or near-record levels, White House officials have boasted that they had made progress, since the final numbers were below estimates. Washington Post
"This administration has a history of overestimating the deficit early in the year, lowering expectations, then taking credit when it comes in below forecast," said Stanley E. Collender, a federal budget expert at Financial Dynamics Business Communications. "It's not just a history. It's almost an obsession."It's not 'almost an obsession' and it's not a joke, it's a serious flaw in the GOP administration that they refuse to acknowledge not making the grade while pretending to have aced the test. Unfortunately, all of America will be held behind for decades to come because of their irresponsible actions.