Cheney: $350 billion deficit means economy is "in good shape"

[Bush_Eats_Beef]

http://news.yahoo.com/news?tmpl=story&u=/nm/20050613/us_nm/bush_budget_dc_1

WASHINGTON (Reuters) - The federal budget deficit this year will be smaller than the $427 billion initially forecast by the White House because of stronger-than-expected economic growth, Vice President
Dick Cheney said on Monday.

Cheney offered no dollar figures, but private-sector budget experts said they expected the White House to revise this year's deficit projection to around $350 billion from the $427 billion forecast by the White House in February.

"I would expect that by the time we do our mid-session (budget) review, that we'll see the deficit is smaller than was originally forecast because of increased economic activity," Cheney said in a question-and-answer session at a journalism awards ceremony.

The White House plans to release its budget update by mid-July. Cheney said the economy was "in good shape," calling the nation's growth "remarkable" and inflation low.

[NEOBuckeye]

1. Whatever Cheney says -- reverse it -- and you will have the truth. n/t

[FreedomAngel82]

6. All these people are backwards

They speak in backwards talk. I learned that a long time ago. It's how you keep up with these people.

[Lexingtonian]

12. No, it's possible to translate it

I'm not the quickest learner, but I realized about two years ago that in Bush Administrationese, "Dee Eehkohnahmee" means "our rich CEO buddies" in American English. (For reasons I don't understand the media spells the words as 'the economy'.)

Unemployment's up = "the economy is doing fine."
Deficits = "the economy has been doing better."
Middle Class Squeeze = "the economy is looking up."

[Elwood P Dowd]

13. You forgot

"we've turned the koner"

[Lexingtonian]

14. oh, sorry

As far as I can tell that phrase has no actual meaning in American English.

[Massacure]

2. He omits one fact though.

When it comes time to pay the $8 trillion debt off the economy is going to dive off a cliff...

[Al-CIAda]

19. I wonder where the missing 3.4 Trillion in taxpayer funds STOLEN from

the Pentagon is. Carlyle? Halliburton? Raytheon?

[NEOBuckeye]

3. Is it just me, or is he looking pretty terrible these days?

Cheney can distort the truth as much as he wants. We all know the score, however, and it seems that reality is finally catching up with the bastard, in so many ways.

[Elwood P Dowd]

4. 350 billion after they cook the books

just like they do with the trade deficit, unemployment, GDP growth, and just about everything else.

[Old and In the Way]

7. Exactly......they lie about everything, why would any sane peron

believe anything this asshole says?

[Elwood P Dowd]

8. Do you still listen to your "Old And In The Way" LP or CD?

:)

[Old and In the Way]

11. My OAITW LP's, along with my entire collection of Dead LP's

are resting safely in the cellar, thanks! Their music lives on in my MP3 collection, however.

:-)

[kodi]

5. tell use dick, about the trade deficit, its $700B this year

.

[Elwood P Dowd]

9. The trade deficit is actually much worse.

If U-turn products and tricks with trades in services were accounted for, it would probably approach 800 billion.

[otohara]

10. Cheney Says, Cheney Says, Cheney Says - MSM Obediently

covers his stupid remarks as if it's gospel.

[Skittles]

15. ridiculous

what a rich asshole he is

[leftofthedial]

16. and the chocolate ration has been increased

lies and the lying liars who tell them

[htuttle]

17. That's the same business acumen...

...that lead him to purchase Dresser Industries while CEO of Haliburton without checking to see if it had huge outstanding liabilities for asbestos (which it did).

He appears to be as saavy as Mr. Bush in that regard.

[terrya]

18. And what's the national debt now? 8 trillion? 7 trillion?

I'm shocked that a former head of a corporation would countenance any kind of budget deficits. Especially when he's now the Vice President of the United States.

It's doesn't fucking matter if it's $427 billion in the hole or $350 billion. The fact is that we are adding to the national debt at an alarming rate. We CAN'T sustain this kind of debt forever. Sooner or later things are going to collapse. There's going to be a huge financial collapse that's going to make 1929 seem like a picnic in the park.

[OneTwentyoNine]

20. Oh brother....ANOTHER deficit thats coming in less than projected?

Latest trick in the Rove/Cheney play book that they've used at least once maybe more.

Quietly release the projected deficit,which is actually higher number than economist figure and when the noise/bitching settles down wait a few months then LOUDLY proclaim to the whore media that the deficit will be MUCH LESS because of the genius economic plans of this administration.

Jesus,crooked Enron book-cookers are in awe of this slight of hand bullshit.

[Triana]

21. Uh-huh. Up is Down. War is Peace. If the sky is black..

..that's a good thing. Fish fly, ducks moo...yada yada. The neo-nazis live on their own planet and it obviously isn't the same one the rest of us live on. The propaganda is so rediculous, it's becoming macabre.

Look, Tricky Dick II, go f*ck yourself - and have a heart attack while you're at it you fat, pasty-white, age-spotted piece of murderous, snarling, trash.

_ _ _ _ _

Pollyanna doesn't live here.