White House Projects Record $445B Deficit

[Ithaca 37]

"WASHINGTON - The White House projected Friday that this year's deficit will hit a record $445 billion, further fueling a campaign-season dispute over President Bush (news - web sites)'s handling of the economy.



The figure easily surpassed last year's $375 billion, making it the largest-ever in dollar terms. That gave ammunition to Democrats who say Bush's tax cuts and failure to prevent a loss of jobs during his term have worsened the outlook for the budget and the economy......"

http://story.news.yahoo.com/news?tmpl=story&cid=514&e=5&u=/ap/20040730/ap_on_go_pr_wh/budget_deficit

 

[Bambistew]

So will Kerry's tax cuts to benifit 98% of Americans clean up this problem?

 

[Ithaca 37]

Bambi, It probably won't make it any worse. I thought Dubya was supposed to be a fiscal conservative!?

 

[Nemont]

Ithaca,
I think he said he was a compassionate conservative not a fiscal conservative. Social Liberals who are budget conservatives never really made sense to me. I think that is where the Republicans have screwed up.

Nemont

 

[Ithaca 37]

Nemont, I guess Dubya is a fiscal liberal then.

 

[Nemont]

Ithaca,
He has been so far. He has done more to bring about LBJ's great society welfare programs then any democratic president has ever hoped to

Nemont