| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
24 Aug 2003 12:18:28 PM |
| Object: |
Next year's Bush budget deficit may go as high as $535 billion. |
The Congressional Budget Office will release new budget forecasts
Tuesday that will put next year's red ink near $500 billion.
Sinai's own forecast put the figure even higher, as high as $535
billion.
From The Washington Post, 8/24/03:
http://www.washingtonpost.com/wp-dyn/articles/A37184-2003Aug23.html
By Jonathan Weisman
Washington Post Staff Writer
Sunday, August 24, 2003; Page A07
Wall Street economists -- many of them allied with President Bush's
tax-cutting agenda -- are increasingly calling for stronger signals
from the White House that the rising federal budget deficit will be
addressed seriously.
Tax cuts totaling $1.7 trillion over the last three years have helped
put the economy on the path to a strong recovery, they say.
Now the deficit needs the White House's attention.
"It's already time to think beyond this year and next about how to
take down long-term deficits that could become disastrous," said Allen
Sinai, president of Decision Economics Inc., who has strongly
supported the president's tax cuts.
"It would be good for the economy for the administration to at least
signal they will do something."
The Congressional Budget Office will release new budget forecasts
Tuesday that will put next year's red ink near $500 billion.
Sinai's own forecast put the figure even higher, as high as $535
billion.
Absent any serious change in policy, private sector economists say
deficits will remain in that range through the decade, then escalate
sharply with the retirement of the baby-boom generation.
"I see absolutely nothing that's going to bring the deficit back to
balance in the foreseeable future," said David Wyss, chief economist
at Standard & Poor's.
Bush's response Friday was that Wall Street and others should put such
concerns on hold until after the economic recovery begins to produce
jobs.
___________________________________________________________
Jobs? What're those? Yeah, sure, Georgie, we'll hold our breaths.
Harry
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 24 Aug 2003 at 05:10:39 PM GMT is:
$6,791.874,578,970.83
The estimated population of the United States is 291,830,357
so each citizen's share of this debt is $23,273.37.
The National Debt has continued to increase an average of
$1.72 billion per day since September 30, 2002!
.
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| User: "D.K." |
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| Title: Re: Next year's Bush budget deficit may go as high as $535 billion. |
24 Aug 2003 11:29:00 PM |
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In article <sqshkvs8eant15bamutgfqq0av1eob5f7f@4ax.com>, Harry Hope <rivrvu@ix.netcom.com> wrote:
The Congressional Budget Office will release new budget forecasts
Tuesday that will put next year's red ink near $500 billion.
Sinai's own forecast put the figure even higher, as high as $535
billion.
From The Washington Post, 8/24/03:
http://www.washingtonpost.com/wp-dyn/articles/A37184-2003Aug23.html
Simple but effective:
http://www.costofwar.com/
DK
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| User: "Marcel" |
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| Title: Re: Next year's Bush budget deficit may go as high as $535 billion. |
07 Sep 2003 06:14:07 PM |
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The reason that Bush does not understand how to handle money in responsible
manner is because his
mother never taught him this important lesson. When I overspent my allowance
and hit her up for money
she graciously loaned me some (without interest) on condition that I write
one hundred times: "Money does not grow on trees, you have to earn it". Well
I wrote it 99 times. Guess what I had to do it over. This time I counted it.
I never overspend again.
"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:sqshkvs8eant15bamutgfqq0av1eob5f7f@4ax.com...
The Congressional Budget Office will release new budget forecasts
Tuesday that will put next year's red ink near $500 billion.
Sinai's own forecast put the figure even higher, as high as $535
billion.
From The Washington Post, 8/24/03:
http://www.washingtonpost.com/wp-dyn/articles/A37184-2003Aug23.html
By Jonathan Weisman
Washington Post Staff Writer
Sunday, August 24, 2003; Page A07
Wall Street economists -- many of them allied with President Bush's
tax-cutting agenda -- are increasingly calling for stronger signals
from the White House that the rising federal budget deficit will be
addressed seriously.
Tax cuts totaling $1.7 trillion over the last three years have helped
put the economy on the path to a strong recovery, they say.
Now the deficit needs the White House's attention.
"It's already time to think beyond this year and next about how to
take down long-term deficits that could become disastrous," said Allen
Sinai, president of Decision Economics Inc., who has strongly
supported the president's tax cuts.
"It would be good for the economy for the administration to at least
signal they will do something."
The Congressional Budget Office will release new budget forecasts
Tuesday that will put next year's red ink near $500 billion.
Sinai's own forecast put the figure even higher, as high as $535
billion.
Absent any serious change in policy, private sector economists say
deficits will remain in that range through the decade, then escalate
sharply with the retirement of the baby-boom generation.
"I see absolutely nothing that's going to bring the deficit back to
balance in the foreseeable future," said David Wyss, chief economist
at Standard & Poor's.
Bush's response Friday was that Wall Street and others should put such
concerns on hold until after the economic recovery begins to produce
jobs.
___________________________________________________________
Jobs? What're those? Yeah, sure, Georgie, we'll hold our breaths.
Harry
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 24 Aug 2003 at 05:10:39 PM GMT is:
$6,791.874,578,970.83
The estimated population of the United States is 291,830,357
so each citizen's share of this debt is $23,273.37.
The National Debt has continued to increase an average of
$1.72 billion per day since September 30, 2002!
.
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| User: "Tabernacle" |
|
| Title: Re: Next year's Bush budget deficit may go as high as $535 billion. |
24 Aug 2003 08:30:41 PM |
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You know Harry I knew Fuzzy Math Bush was going to ***** This Country
Up! But not even in my wildest nightmare did I imagine that he could
do this much damage in this short of time!
Harry Hope <rivrvu@ix.netcom.com> wrote in message news:<sqshkvs8eant15bamutgfqq0av1eob5f7f@4ax.com>...
The Congressional Budget Office will release new budget forecasts
Tuesday that will put next year's red ink near $500 billion.
Sinai's own forecast put the figure even higher, as high as $535
billion.
From The Washington Post, 8/24/03:
http://www.washingtonpost.com/wp-dyn/articles/A37184-2003Aug23.html
By Jonathan Weisman
Washington Post Staff Writer
Sunday, August 24, 2003; Page A07
Wall Street economists -- many of them allied with President Bush's
tax-cutting agenda -- are increasingly calling for stronger signals
from the White House that the rising federal budget deficit will be
addressed seriously.
Tax cuts totaling $1.7 trillion over the last three years have helped
put the economy on the path to a strong recovery, they say.
Now the deficit needs the White House's attention.
"It's already time to think beyond this year and next about how to
take down long-term deficits that could become disastrous," said Allen
Sinai, president of Decision Economics Inc., who has strongly
supported the president's tax cuts.
"It would be good for the economy for the administration to at least
signal they will do something."
The Congressional Budget Office will release new budget forecasts
Tuesday that will put next year's red ink near $500 billion.
Sinai's own forecast put the figure even higher, as high as $535
billion.
Absent any serious change in policy, private sector economists say
deficits will remain in that range through the decade, then escalate
sharply with the retirement of the baby-boom generation.
"I see absolutely nothing that's going to bring the deficit back to
balance in the foreseeable future," said David Wyss, chief economist
at Standard & Poor's.
Bush's response Friday was that Wall Street and others should put such
concerns on hold until after the economic recovery begins to produce
jobs.
___________________________________________________________
Jobs? What're those? Yeah, sure, Georgie, we'll hold our breaths.
Harry
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 24 Aug 2003 at 05:10:39 PM GMT is:
$6,791.874,578,970.83
The estimated population of the United States is 291,830,357
so each citizen's share of this debt is $23,273.37.
The National Debt has continued to increase an average of
$1.72 billion per day since September 30, 2002!
.
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