The White House
President George W. Bush
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For Immediate Release
Office of the Press Secretary
July 11, 2007

Fact Sheet: Growing Economy and Fiscal Discipline Working to Reduce Budget Deficit
President's Goal To Balance The Budget By 2012 On Track

      In Focus: Budget Management

Today, The Office Of Management And Budget Reported The FY2007 Budget Deficit Is Forecast To Be Lower Than Last Year And The President's Goal To Balance The Budget Is On Track. The President's pro-growth policies have encouraged sustained economic growth and job creation, thereby strengthening revenues and reducing the deficit.

A Growing Economy Delivered Higher Than Expected Tax Receipts

Spending Restraint Is Essential In Balancing The Budget

Democrats' Tax And Spend Approach Jeopardizes A Balanced Budget