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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Diane who wrote (423088)	7/4/2003 7:59:24 PM
From: American Spirit	Read Replies (1) \| Respond to of 769670

The California deficit is over more than one year. See below. And once you pay it off it's gone, no more deficits. Bush's deficit is about 450 billion this year, but there's no end in sight nor any attempt to pay it off. He also had a big deficit last year and the year before. The total is about 1.2 trillion by next fall. So it's not how long it takes to create the deficit it's how fast you can pay it off. I dont see Bush cutting spending anywhere. Do you? I dont see him sacrificing a single pet project of his. Do you? In fact he's proposing more corporate welfare, more defense contracts and the only cuts come in aid to the needy, women, kids and the envinroment. SACRAMENTO ---- California's budget deficit will reach a staggering $34.8 billion over the next 18 months, leaving a gulf too wide to bridge without raising taxes, Gov. Gray Davis said Wednesday. The unprecedented deficit equals more than $1,000 per each of the state's 34 million residents. It exceeds the entire general fund budget of every state but New York. "This problem is so big that we don't have a lot of time for hand-wringing," Davis said. "We have to face this problem head-on." * Bush however is not facing the problem at all, poo-pooing it instead, and passing much of his debt down to the state level where taxes are going to have to be raised. Nice try though.