Spence
09-07-2004, 02:33 PM
Congress's Analysts See Worsening Deficit
Tue Sep 7,10:33 AM ET
WASHINGTON (Reuters) - The U.S. budget deficit will balloon to $2.29 trillion over the next decade, congressional analysts said on Tuesday, a worse outlook than previously forecast and one likely to stir election-year debate about President Bush's economic policies.
The forecast from the nonpartisan Congressional Budget Office compares to the outlook for a $2.01 trillion deficit for 2005-2014 it provided in March under current economic policies.
The economy, particularly the deficit, has become a key theme between the two presidential candidates.
...
The CBO also confirmed a preliminary forecast it put out in August showing an expected record deficit of $422 billion for the 2004 fiscal year.
That compares to the White House's latest deficit forecast of $445 billion for this year. The White House no longer provides a 10-year deficit forecast.Source (http://news.yahoo.com/news?tmpl=story&cid=568&u=/nm/20040907/bs_nm/congress_deficit_dc&printer=1)
All right. Mr Bush inherited the biggest budget surplus in the history of the human race on this planet. His party controls Congress. How can we blame this on John Kerry and/or Bill Clinton's penis? Come on, people. We need suggestions!
Tue Sep 7,10:33 AM ET
WASHINGTON (Reuters) - The U.S. budget deficit will balloon to $2.29 trillion over the next decade, congressional analysts said on Tuesday, a worse outlook than previously forecast and one likely to stir election-year debate about President Bush's economic policies.
The forecast from the nonpartisan Congressional Budget Office compares to the outlook for a $2.01 trillion deficit for 2005-2014 it provided in March under current economic policies.
The economy, particularly the deficit, has become a key theme between the two presidential candidates.
...
The CBO also confirmed a preliminary forecast it put out in August showing an expected record deficit of $422 billion for the 2004 fiscal year.
That compares to the White House's latest deficit forecast of $445 billion for this year. The White House no longer provides a 10-year deficit forecast.Source (http://news.yahoo.com/news?tmpl=story&cid=568&u=/nm/20040907/bs_nm/congress_deficit_dc&printer=1)
All right. Mr Bush inherited the biggest budget surplus in the history of the human race on this planet. His party controls Congress. How can we blame this on John Kerry and/or Bill Clinton's penis? Come on, people. We need suggestions!