Look at this crock of s**t. Full to the brim
cbs.marketwatch.com{295A890F-D6E8-4485-A578-A7AAAD45FD4E}&siteid=bigcharts&dist=bigcharts&
"Make no mistake, President Bush is serious about the deficit," Snow said in remarks beamed to a London conference via satellite from Washington.
The Treasury chief said that in the fiscal year 2005 budget to be released next Monday, Bush would propose an overall spending increase of less than 4 percent from last year, with non-security discretionary spending limited to just a 1 percent rise.
Bush is seeking a 7 percent increase, to $402 billion, in funds for the Pentagon and a 9.7 percent increase, to $30 billion, for Homeland Security expenditures.
Bush's top spokesman on the economy again repeated his pledge to halve the deficit in five years.
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Is this some kind of "new math" joke?
WTF?
They pledge to reduce the deficit by increasing it!
1)Bush would propose an overall spending increase of less than 4 percent from last year
2)Bush is seeking a 7 percent increase, to $402 billion, in funds for the Pentagon and a 9.7 percent increase, to $30 billion, for Homeland Security expenditures
3)The White House has forecast the deficit to reach around 4.5 percent of GDP during the current fiscal year, which ends Sept. 30.
Make no mistake about this:
This is a big crock of horses**t
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Meanwhile take a look at this
U.S. Budget Office Deepens Fiscal Gloom for Bush
It said next year's deficit would total $362 billion, up from its previous forecast of $341 billion. And, based on current spending and tax policies, total deficits are now expected to reach almost $2.4 trillion between 2004 and 2013, up from a prior forecast of $1.4 trillion in the same period.
money.excite.com
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More on the worsening deficit.
nytimes.com
Federal deficits will total nearly $2.4 trillion over the next decade, the Congressional Budget Office projected Monday, a worsening of nearly $1 trillion since its last forecast in August.
In its annual wintertime economic update, Congress' nonpartisan fiscal analyst also projected that the red ink would hit a record $477 billion this year.
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Does this administration have ANY credibility left on ANYTHING?
Bushanomics and Snow Jobs.
Would someone please give them a lesson in simple math!
Mish |
