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

To: Neocon who wrote (427291)7/15/2003 1:08:41 PM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 769670
 
The deficit is even worse than it seems. The $455 Billion deficit is offset by $150 Billion in Social Security taxes spent on other programs. The real deficit is equal to 5.6% of GDP.

washingtonpost.com



To: Neocon who wrote (427291)7/15/2003 1:10:45 PM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 769670
 
The admission of the Bush Administration about the size of the budget deficit is big news because the problem is much bigger than they want to admit. These deficits will be a drag on the economy as it tries to recover.


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