Bush Plans Add More Than $1 Trillion to U.S. Red Ink -- CBO Study



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Topic: Politics > Politics-USA
User: "Harry Hope"
Date: 23 Sep 2004 10:01:44 PM
Object: Bush Plans Add More Than $1 Trillion to U.S. Red Ink -- CBO Study
From Reuters, 9/23/04:
http://story.news.yahoo.com/news?tmpl=story&cid=584&e=8&u=/nm/20040923/pl_nm/congress_budget_dc
Bush Plans Add to U.S. Red Ink -- CBO Study
WASHINGTON (Reuters) -
President Bush's budget plans, including making tax cuts permanent,
would contribute to a rise of more than $1 trillion in the federal
deficit over the next decade, according to a congressional report
requested by Democrats and criticized by Republicans.
In a report released on Thursday, the nonpartisan Congressional Budget
Office forecast the deficit would grow $3.6 trillion over the next
decade, based on assumptions provided by Democrats that included Bush
policy proposals.
That is $1.3 trillion more than the office forecast earlier this
month, in a report that did not use the Democratic assumptions.
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Blows yer mind, doesn't it.
Harry
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