PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: tejek who wrote (429578)	7/19/2003 2:27:47 PM
From: Kenneth E. Phillipps	Read Replies (2) of 769667

We have a long term structural budget deficit which will not go down without suspension of the tax cuts. Bush has no credibility on this issue. He has consistently under estimated the size of the deficit which just keeps getting bigger. " Bolten would not concede a point that private budget experts have been making for months: Without significant budget cuts or tax increases, the deficit is now built into the fabric of the government's finances and is here to stay. "We are truly in a structural deficit as it's usually defined, and this is not going to right itself," said Rudolph Penner, a Republican and former director of the Congressional Budget Office."

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