Bush Budget Said to Cause $2.75Trillion Deficits

[dmcowen674]

2-27-2004 Bush Budget Said to Cause $2.75T Deficits

The forecast ? $737 billion worse than the budget office expects should Congress ignore Bush's tax and spending plans ? is sure to factor into this year's presidential and congressional campaigns.

Just two years ago, the budget office and Bush envisioned surpluses totaling $5.6 trillion for the decade ending in 2011. The projections released Friday cover a slightly different period, the 10 years running through 2014. Even so, the contrast is striking.

 

[ElFenix]

whoa, dave didn't edit the title?!? are you feeling sick?

 

[Zephyr106]

Originally posted by: ElFenix
whoa, dave didn't edit the title?!? are you feeling sick?

The content of this title is so ridiculous that he didn't need to change it.

Zephyr

 

[dmcowen674]

2-27-2004 Bush must answer for debt, job losses, Iraqi war expense

No one has forgotten about the attacks on our country on Sept. 11, 2001, and certainly the security of our country and two wars are very expensive. Someone needs to explain to me the logic of knowing we have all these high expenses, but the best way to deal with them is to reduce your revenue by granting two large tax cuts.

Yes, the economy is finally improving, for those heavily invested in the stock market. My big tax cut gave me $6 more in my weekly paycheck, but at least I'm still employed. Many of my friends have lost their jobs.

No, they are not textile workers or in the steel industry. They are engineers, accountants and system analysts. But I guess all will be just fine because our president's chief aide announced that all they need is to be retrained. For what?

Blacksmiths needed to be retrained when the automobile became popular. Many farmers had to be retrained when automated equipment and the conglomerates took over. Even the good old keypunchers had to retrain when technology made their jobs obsolete. This is much different.

Of course, maybe Bush means our displaced workers should be retrained in a foreign language. After all, that's where all their jobs have gone, to foreign countries.

The national debt is $5.7 trillion. Can anyone even relate to a dollar figure that large? Actually, it's not the national debt that disturbs me as much as the deficit. Every dollar of the deficit is borrowed money. In a speech last summer, Bill Clinton said "even the Democrats know when they're in a hole, they need to stop digging!"

My list of reasons why Bush is not on the right track is much longer than the few items I've mentioned already. I agree with Mr. Wallhausen that many people in the United States the president and his focus, but I think they're are many more having strong second thoughts about him. I guess we'll see who's right in November.

Carole Scandrol

Flowery Branch