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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (6275)	1/27/2004 1:10:37 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

The report is available at www.cbo.gov The new projection that has received the attention is a baseline projection. The CBO report has a suppliment of adjustments for government policy alternatives: Making all Bush's tax cuts perminate will add $1,868B to the debt by 2014. Servicing the additional debt incurred by making Bush's tax cuts perminate will add $363B of debt by 2014. Bush's "reform" of the alternative minimum tax will add $376B of debt by 2014. Servicing the extra debt incurred by the AMT change will add $93B of debt by 2014. Baseline gross federal debt (debt held by public+debt held by Social Security+debt held by other government departments) will equal $12.944 trillion by 2014. Adding Bush's SOTU gimmie list cost of $2.7 trillion would put gross debt at $15.644 trillion vs a GDP projected to hit $18 trillion by 2014.

To: yard_man who wrote (6275)	1/27/2004 1:17:20 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

cbs.marketwatch.com CBO sees $477 billion deficit in 2004 Long-term federal fiscal picture forecast to deteriorate The outlook for the federal deficit improved slightly for fiscal 2004, the Congressional Budget Office said Monday, but the outlook for the next decade has deteriorated since the agency's last forecast issued in August. Sen. Kent Conrad of North Dakota, the senior Democrat on the Senate Budget Committee, said the figures show that Bush is "the most fiscally irresponsible president in our nation's history." "His tax cut and spending policies have led to a dangerous deterioration in our fiscal outlook, threatening the fundamental economic security of the nation," Conrad said, in a written statement.