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


To: Bill who wrote (501740)12/1/2003 9:04:29 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 769667
 
Douglas Holtz-Eakin, a former Bush administration official who is now director of the Congressional Budget Office, said bringing the deficit down to some $250 billion in the next five years "is going to be very hard to do" even if the economic recovery remains strong and unemployment falls sharply.

The deficit, projected a few months ago to be around $475 billion for the fiscal year that started on Oct. 1, now seems likely to hit $500 billion, up from $374 billion last year. The White House's goal of cutting it at least in half within a few years will be hard to achieve despite the economic rebound and the growth in tax revenue it is expected to generate, budget analysts in the government and on Wall Street say.



This is IF unemployment falls sharply, which I don't think it will.
nytimes.com

Bush won't win in 04 though, so the budget will get fixed. What an awful president Bush is, the worst I've ever seen. The worst ever? Some say Harding was worse.