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Bush Talks ‘Fiscal Responsibility--GAO Warns of ‘Out of control deficits"

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RedEarth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-15-06 05:24 PM
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Bush Talks ‘Fiscal Responsibility--GAO Warns of ‘Out of control deficits"
Bush Brags Of ‘Fiscal Responsibility’ As GAO Warns of ‘Ever-Larger’ ‘Out of Control’ Deficits
President Bush on our country’s fiscal health, 9/15/06:

If the American people would take a step back and realize how effective our policies have been, given the circumstances. … I’ve strongly believed the reason it is because we cut taxes, and at the same time, showed fiscal responsibility here in Washington with the people’s money. That’s why the deficit could be cut in half by 2009, or before.

Government Accountability Office on our country’s fiscal health, 9/15/06:

GAO’s current long-term simulations continue to show ever-larger deficits resulting in a federal debt burden that ultimately spirals out of control. … nder either optimistic (”Baseline extended”) or more realistic assumptions, current fiscal policy is unsustainable. … The question is how our current imprudent and unsustainable path will end. At some point, action will be taken to change the Nation’s fiscal course.

http://thinkprogress.org/2006/09/15/bush-deficits/
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mom cat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-15-06 05:34 PM
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1. It is so f'ing obvious, why should this even be happening!
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-15-06 05:34 PM
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2. "The peoples' money"? That's our comrade! (not)
Oh, is spitting on American workers while subsidizing big corporations, illegal immigrants, and H1B phonies (import them, train them, ship them back) really a valid use of taxpayers' money?

Never mind how years' worth of adding to the deficit doesn't sound like shrinking it...
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indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-15-06 05:35 PM
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3. Those enamored mit W's tax and fiscal policies must believe this insanity
can and will last forever.
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