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Politics : PRESIDENT GEORGE W. BUSH
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To: MKTBUZZ who started this subject2/5/2002 4:16:55 PM
From: TigerPaw   of 769670
 
Deja Vu for Voodoo 2

latimes.com

Now the budget picture has deteriorated so rapidly that the CBO projects the government will have to tap those excess Social Security funds to pay for other operations through 2011 if the tax cut is made permanent. Because of that, the CBO says the government will pay off much less of the national debt than Bush proposed a year ago. And the CBO calculates the higher debt will increase federal interest costs over its earlier estimates by a resounding $1 trillion during the next decade, which could leave less money to meet the growing cost of Social Security and Medicare.
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