|
Papers
- Budget Deficit (BullandBearWise.com)
Provides a chart showing federal, state, and local surpluses and deficits from 1946 to the present. 1-04
- Budget Deficit to Balloon (USA Today)
"President Bush's budget would produce deficits totaling $2.75 trillion over the next decade, the Congressional Budget Office projected Friday in the first authoritative look at the plan's longer-range implications."
"One major item omitted by Bush's budget but included in Friday's projections was the cost of his proposal to make tax cuts permanent that otherwise would expire in 2010. Bush's tax plans would add more than $1.3 trillion to deficits over the decade, although his plans to curb domestic spending would save $700 billion over that same period, the budget office said."
"Wary of the impact on deficits, Republican congressional leaders already have said they will not move this year on Bush's proposal to extend the tax cuts, which is the pillar of his plan for strengthening the economy." 2-04
- Budget of the United States for 2005 - An Analysis (CBS News)
"President Bush's goal of cutting in half a projected $500 billion federal deficit within five years is being dismissed as too timid by conservatives, unachievable by analysts and laughable by Democrats." 2-04
- Cutting the Budget Deficit in Half (Center on Budget and Policy Priorities - Kogan and Coven)
"The Bush Administration has said it has a plan to cut the deficit in half in five years, as a percentage of GDP. However, this plan is likely to be largely a public relations gimmick. The Administration will print a budget that, on paper, has figures for the fifth year (2009) that show the deficit being cut in half. But that will only be possible because, as has been the case with previous Bush budgets, it omits major, costly items that the Administration favors and intends to request — later." The authors present what has been left off of budgets in the past. 1-04
|