1115.org

George W. Bush as quoted verbatim by whitehouse.gov (7/27/06):

I set a goal for this country that we cut the deficit in half by 2009 — just had an interesting statistic come out in the Mid Session Review recently. That’s the time we take a look and see how things are going. When Rob Portman, who is the Director of OMB, analyzed revenues and spending, he projected that tax revenues will grow by $246 billion during this year. In other words, when you cut the taxes and you grow your economy, more revenues come into the Treasury. And it looks like we’re on track to balance our budget by 2008[sic].* The current deficit is now — projected to be 2.3 percent of GDP. We’re fulfilling our responsibilities.

Appended at the bottom:

*Cut the deficit in half by 2008

Delusions of grandeur is too grand, maybe delusions of competence?