Did you know that the US budget deficit fell to its lowest level in five (5) years last week? Or that the deficit has fallen by $250 billion over the last three years, and is on course for a SURPLUS by 2012? Or that the deficit stands at 1.2% of the economy (that's half of the 40-year average of 2.4% of our GNP)? Amazingly, THE NEW YORK TIMES, THE WASHINGTON POST, AND THE LOS ANGELES TIMES, all failed to report any of this dramatic and good news last week in their newspapers. And remember too, this great economic turnabout has been accomplished while we are spending billions to fight wars in Iraq and Afghanistan. Additionally, the US economy has added jobs for 49 straight months, consumer tax cuts have been introduced to encourage business growth, and our federal treasury has enjoyed higher revenues in their tax collections as a result. This is just one example why you should never formulate a position or opinion with only one source. By the way, I'll bet when there is bad economic news, these same newspapers will not ignore, but trumpet it, on their front pages. Sadly, some of today's news disseminators are agenda-driven.
No comments:
Post a Comment