President Bush, January 20, 2004:

[W]e can cut the deficit in half over the next five years.

President Bush, February 8, 2005:

[My budget] keeps us on track to cut the deficit in half by 2009.

President Bush, January 6, 2006:

[W]e are still on track to cut the federal deficit in half by 2009.

President Bush, January 26, 2006:

[W]e can cut our deficit in half by 2009 and make sure the American people still get their tax relief.

Yesterday's forecast of the budget deficit by the CBO:



Kash