Tuesday | August 26, 2003
Bush to run for prez with $500 billion deficit
The CBO is predicting a $500 billion deficit in 2004, followig its prediction of the record-shattering $401 billion shortfall this year. Neither of those numbers include the $4 billion or so spent on the Iraq and Afghanistan conflicts.
And the deficit is twice as big if the social security surplus isn't factored in.
The Budget Committee Democrats said their analysis shows that the deficit will hit $495 billion in 2004, and will never go below $300 billion in the 2004-2013 period, reaching a total over the decade of $3.7 trillion.Boy, we're going to see some nice, shiny charts in this election cycle. I look forward to seeing Bush defend his borrow and spend stewardship of the budget.
Posted August 26, 2003 06:37 AM | Comments (118)