Thursday, September 09, 2004

How about national budget deficit....

...Tim Adams, the policy director of President Bush's electoral campaign, said that a downgrade in the 2004 deficit forecast (think about "deficit forecast") showed that the government's economic policies were working.
"The $56bn (bn stands for BILLION) decrease in the deficit projection today is a sign of the economic growth that is a result of President Bush's leadership on tax relief," he said.
But Democrat presidential candidate John Kerry criticised the government's failure to rein in "out of control" spending.
"Only George W Bush could celebrate over a record budget deficit of $422bn," he said in a statement.
The CBO said the upward revision to the 10-year budget gap partly reflected higher anticipated defence spending.
The US public finances have swung from hefty surpluses to large deficits since President Bush took office.
The White House blames the 2001 recession and the cost of the war on terror(right, George).
But President Bush's critics argue that the deficits have also been swollen by a round of tax cuts which benefit only the rich.
They argue that the government's deteriorating finances threaten spending on social welfare and healthcare for the elderly.
Analysts say the budget deficits will grow by more than forecast over the next 10 years if President Bush wins a second term and extends his tax cuts, as he has pledged to do......We wont have to pay for this deficit. It's simply too large, but your children's children's children will...

1 Comments:

At September 10, 2004 at 10:49 AM, Blogger pshene said...

Kerry can rein in the deficit. I know this for a fact because he will save a lot of money by not spending anything at all on the war on terror. This will save many, many dollars, although it will cost many lives.
I would much rather see every American get free Health care like the spiffy Canadians, then see the same old tired tradition of every American getting to survive another day without a terror attack.
BOOOOORRRRING!

 

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