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

To: Kenneth E. Phillipps who wrote (619470)	9/7/2004 5:08:58 PM
From: Bill	Respond to of 769670

So? Answer the question please.

To: Kenneth E. Phillipps who wrote (619470)	9/7/2004 5:10:43 PM
From: Emile Vidrine	Respond to of 769670

Bush Breaks Bank with deficits and threatens SS Trsut Fund Tuesday :: Sep 7, 2004 Bush Breaks The Bank With His Budget Deficits The Congressional Budget Office released a revised ten-year deficit projection today that predicts cumulative deficits of nearly $2.3 trillion over the next ten years, at a time when the baby boomers will begin tapping into Social Security and Medicare at higher and higher levels. The CBO projection today is higher than their estimate jus this past March, when using the same economic models in place now the CBO projected a ten-year deficit of $2 trillion. Yet even this deficit estimate is grossly understated, as it does not include future defense, Iraq, and Afghanistan costs, as the Center for Budget and Policy Priorities (CBPP) noted this morning. The CBO estimate also assumes that Bush’s tax cuts won’t be renewed to some degree, which we already know is politically problematic.