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Bush Budget Would Add $1.6 Trillion To Deficit

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Mark E. Smith Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 04:14 PM
Original message
Bush Budget Would Add $1.6 Trillion To Deficit
AP - 3/4/5

Analyst: Bush Budget Would Yield Deficit

WASHINGTON - President Bush's budget would keep federal deficits over $200 billion annually for the next decade and add $1.6 trillion to the shortfalls that would otherwise occur if his fiscal policies are not enacted, Congress' top budget analyst said Friday.

The nonpartisan Congressional Budget Office said the president's budget would leave a 2005 deficit of $394 billion and a 2006 gap of $332 billion.

But the budget office noted that Bush's fiscal blueprint omitted the costs of overhauling Social Security, which some analysts have said could cost $2 trillion over the next decade.

http://story.news.yahoo.com/news?tmpl=story&ncid=703&e=1&u=/ap/20050304/ap_on_go_pr_wh/bush_budget
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Somebody needs to take the national credit card away from this fiscal crack whore.
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shoelace414 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 04:16 PM
Response to Original message
1. you must be mistaken
he will cut the deficit in half in 5 years.
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da_chimperor Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 04:24 PM
Response to Reply #1
2. Technically yes . . . as the annual deficit would be reduced by about half
but fat load of good that does when it's still 200 billion per year.
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Massacure Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 04:28 PM
Response to Reply #1
3. 800 billion instead of 1.6 trillion.
Instead of making bacon, he is making ham. However we need the pig alive.
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 05:02 PM
Response to Reply #1
7. Fat freaking chance.
Edited on Fri Mar-04-05 05:06 PM by TahitiNut
The 2005 deficit below does NOT include proposed Iraq & Afghanistan spending. Nor does the 2006 deficit shown include ANY such spending.






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struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 07:22 PM
Response to Reply #1
10. I think he's just promising to halve the number of Americans aware ...
... of the deficit after five years.
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FloridaPat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 04:28 PM
Response to Original message
4. Figures still don't include Iraq and Afghanistan. How are they getting
away with this math.
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sally343434 Donating Member (628 posts) Send PM | Profile | Ignore Fri Mar-04-05 04:39 PM
Response to Original message
5. Kind of a convoluted explanation
> Bush's budget would ... add $1.6 trillion to the shortfalls that
> would otherwise occur if his fiscal policies are not enacted


In other words, ignoring the war criminal's budget in its entirety and leaving everything alone would save our progeny $1,600,000,000,000. Sounds good to me.
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Guckert Donating Member (946 posts) Send PM | Profile | Ignore Fri Mar-04-05 04:43 PM
Response to Original message
6. Have we not learned anything from 9/11? If we don't give the rich tax cuts,
Then we all know the TERRORISTS WIN!!!

Just thought i would give you the GOP responses to the
REALITY OF THE BUSH POLICIES OF FINANCIAL DESTRUCTION.
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DU_ONE Donating Member (81 posts) Send PM | Profile | Ignore Fri Mar-04-05 05:30 PM
Response to Reply #6
8. We're doomed
Dr. Doom is at the controls of the ship of state, taking us down.

Next stop, the abyss, the bottomless pit of hell . . .
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htuttle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 06:11 PM
Response to Reply #8
9. Naw, not hell
More like Argentina, just after their currency collapsed.

Lot of yelling and shouting at first. Maybe some gunfire. Then a succession of ineffectual leaders while the IMF/World Bank feasts on our bones, milking us for billions in interest every year while we're under an 'austerity program'.

But take heart! If the economy gets bad enough here, and keeps getting better in India and China, maybe the jobs will come back!

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