| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
27 Aug 2003 12:10:41 PM |
| Object: |
Leap in Bush Deficit Instead of Fall Is Seen for U.S. |
From The New York Times, 8/27/03:
http://www.nytimes.com/2003/08/27/politics/27BUDG.html
Leap in Deficit Instead of Fall Is Seen for U.S.
By EDMUND L. ANDREWS
WASHINGTON --
Even if the economy rebounds strongly over the next few years, the
federal budget deficit could climb for the rest of the decade if
Congress adopts proposals strongly supported by President Bush, the
Congressional Budget Office said today.
Offering a sharp contrast to recent projections by the White House,
which had said the budget deficit would hit $475 billion next year and
decline significantly after that, the Congressional report warns that
annual deficits could rise rather than fall.
The nonpartisan office said the deficit would be $480 billion next
year but could reach a cumulative total of $5.8 trillion by 2013.
_____________________________________________________
Our kids are gonna be behind the 8 ball with an addition like that to
the national debt. They're gonna have a hard time with the debt as it
is now.
Harry
.
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