read what was said before my post.
August will be a large deficit and Sep a large surplus.
$300b is probably where we'll be for the year and that would be about 2.5% of GDP. For 2005 FY the debt/GDP ratio will have fallen
I hope you're right, but we'll see. At any rate, it's still not good enough, especially considering the fact that we're not counting all our unfunded liabilities in the debt figure.
Debt/GDP is also bad metric because you should be using NNP in the denominator. GDP fails to subtract capital consumption and profits earned by foriegners in the US, both of which are significant.
We're in for a fiscal crisis in less than 10 years if we don't do something about both our debt and our unfunded liabilities, and Bush has been doing next to nothing with either.
In fact, Bush has worsened the problem with that disgusting medicare bill. Not that the Rats would do any better, mind you. If Kerry were president, I have no doubt he would have increased unfunded liabilities more the twice the amount Bush increased the national debt. But Bush's fiscal record is still awful.