Federal Deficit Drops As Revenue Rises

Three words: TAX CUTS WORK.

WASHINGTON (AP) -- The deficit for the first four months of the current budget year is down sharply from the same period a year ago as the government continues to benefit from record levels of tax collections.

The Treasury Department reported Monday that the deficit for the budget year that began Oct. 1 totals $42.2 billion, down 57.2 percent from the same period a year ago.

The amount of revenues collected from October through January were up 9.7 percent from the same period a year ago, climbing to a record level for the period of $834.1 billion.

Now, three more words: MAKE THEM PERMANENT.