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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (54815)	9/7/2004 5:34:55 PM
From: stockman_scott	of 89467

Congressional Analysts See Worse Long-Term Deficit ___________________________ Tue Sep 7, 10:00 AM ET news.yahoo.com WASHINGTON (Reuters) - The federal budget deficit will balloon to $2.29 trillion over the next decade, a worse outlook than previously forecast according to a new report by congressional analysts, a congressional source with knowledge of the numbers said on Tuesday. The forecast from the non-partisan Congressional Budget Office (news - web sites), which is likely to stir the election-year debate about President Bush (news - web sites)'s economic policies, compares to the $2.01 trillion outlook for 2005-2014 it provided in March for the shortfall under current economic policies. The source also said CBO confirmed a preliminary forecast it put out in August showing an expected record deficit of $422 billion for the 2004 fiscal year. That compares to the White House's latest deficit forecast of $445 billion for this year. The White House no longer provides a 10-year deficit forecast. ------------------------------------------------------ (Possibly because the 10 year projections produce figures too disturbing to consider....)

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