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Everyone can relax: Deficit to ONLY be $401 Billion

MonstaThrilla

Golden Member
Sep 16, 2000
1,652
0
0
Whew, and I thought it would be some huge amount!!!

CBO Projects $401 Billion Deficit for the Year

WASHINGTON - This year's federal deficit will probably hit $401 billion, the nonpartisan Congressional Budget Office projected Friday as new data continued to indicate that the red ink would surge to its highest level ever.

The number is $54 billion less than the shortfall that President Bush's budget office predicted last month. The congressional analysts said most of the difference ? $40 billion ? was because they expect lower spending than the White House calculated for defense and other programs.

The CBO projection, if borne out at year's end, raises the possibility that the administration could claim credit for making some progress with a deficit smaller than it projected.

Even so, the CBO estimate underscored that Democrats are likely to continue using the deficit as a political issue against Bush and congressional Republicans.

They say it exemplifies Bush's mismanagement of the budget and the economy, while Republicans blame the shortfall on the weak economy and the costs of war and terrorism.
 

tnitsuj

Diamond Member
May 22, 2003
5,446
0
76
As long it is on weapons to be used on non-Western nations it is okay, not wasted on things like helping shiftless Negros.
 

JellyBaby

Diamond Member
Apr 21, 2000
9,159
1
81
raises the possibility that the administration could claim credit for making some progress with a deficit smaller than it projected.
LOL this is just getting ridiculous.
 

rchiu

Diamond Member
Jun 8, 2002
3,850
0
0
The number is $54 billion less than the shortfall that President Bush's budget office predicted last month. The congressional analysts said most of the difference $40 billion was because they expect lower spending than the White House calculated for defense and other programs.
Noooo....how is Bush gonna pass those money to his buddies behind the closed door now???
 

BOBDN

Banned
May 21, 2002
2,579
0
0
Originally posted by: rchiu
The number is $54 billion less than the shortfall that President Bush's budget office predicted last month. The congressional analysts said most of the difference $40 billion was because they expect lower spending than the White House calculated for defense and other programs.
Noooo....how is Bush gonna pass those money to his buddies behind the closed door now???

Less on defence while waging war in multiple theaters. God bless our troops.

Un-select Bush.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Funny..not long a ago the defecit was too big, all the sudden it is too small.

This really is a funny place.
 

Dari

Lifer
Oct 25, 2002
17,136
37
91
Originally posted by: tnitsuj
As long it is on weapons to be used on non-Western nations it is okay, not wasted on things like helping shiftless Negros.
WTF?
 

BOBDN

Banned
May 21, 2002
2,579
0
0
Originally posted by: charrison
Funny..not long a ago the defecit was too big, all the sudden it is too small.

This really is a funny place.
Who EVER said $401 BILLION is small????????????

The turnaround from surplus to deficit under Bush is the largest in US history!

That alone should be enough to dump him. Add the lies to invade Iraq. What is the reason anyone would support this disaster?
 

sandorski

No Lifer
Oct 10, 1999
68,110
3,154
126
Woot! Guess what's coming next spring?

Give up? TAX BREAK!!!! All this extra money is burning a hole in Bush's pocket!!
 

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