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

To: Hope Praytochange who wrote (696670)	8/15/2005 11:24:18 AM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 769667

While the deficit shrinks, the national debt baloons. The debt has increased by over $550 Billion the past 12 months. Check it out.

To: Hope Praytochange who wrote (696670)	8/15/2005 12:13:56 PM
From: DuckTapeSunroof	Respond to of 769667

Interesting: "...Unlike White House estimates released last month, CBO assumes that Bush's tax cuts are allowed to lapse at the end of the decade. Most of the cuts in Bush's signature $1.35 trillion tax relief law enacted in 2001 expire by 2010, but many lawmakers and the White House assume that they will be renewed by then." "Even if the tax cuts were allowed to expire, the budget would still stay in the red through the full 10 years covered by CBO's report." "If the tax cuts are renewed, the deficit picture would worsen by $204 billion in 2011 -- to perhaps $327 billion or so. By 2015, the cost of extending the 2001 and subsequent tax cuts would reach $432 billion." --- Do 'ya thing REAL tax reform as a chance, Flopper?