Tuesday, January 25, 2005

$1.3 Trillion in Deficits Forecast Over Decade

The budget deficit is becoming a knottier problem in the short term and will be
a potentially catastrophic one in the future, the Congressional Budget Office reported today.

The report suggests that President Bush, in the budget he will deliver to Congress in two weeks, will have a harder time keeping his promise to cut the deficit in half during his presidency.

The CBO's annual report on the budget outlook foresees a deficit of $400 billion this year. It also forecast a cumulative deficit of $1.3 trillion from 2005 to 2014, an increase of nearly 60% from the CBO's $861-billion estimate of just four months ago.
I'll straight pop you in the mouth if you vote bush and EVER say anything to me about democrats taxing and spending money. Cutting revenue, raising the debt to THIS outrage and all under one party rule. there is no excuse, only facts. the Republican are fiscally irresonsible on a scale heretofore never seen.

No comments: