Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: illyia who wrote (60046)	3/4/2006 1:39:20 AM
From: Karen Lawrence	Respond to of 362428

Isn't the deficit about $100 trillion now.: Bush Plan Would Raise Deficit by $1.2 Trillion, Budget Office Says (we can afford social security by getting rid of Bush) Article Tools Sponsored By By EDMUND L. ANDREWS Published: March 4, 2006 WASHINGTON, March 3 — President Bush's budget would increase the federal deficit by $35 billion this year and by more than $1.2 trillion over the next decade, the Congressional Budget Office reported on Friday. The nonpartisan budget office said that Mr. Bush's tax-cutting proposals would cost about $1.7 trillion over the next 10 years and that his proposals to partly privatize Social Security would cost about $312 billion during that period. The office also said Mr. Bush's proposals to save money on Medicare, Medicaid and most nonmilitary programs would offset about one-third of the cost of his other proposals. The report comes as Republican leaders in Congress prepare to settle on their own budget for next year, which could differ substantially from Mr. Bush's. They are already running into political and economic obstacles as they try to extend Mr. Bush's tax cuts, pay for the war in Iraq and squeeze spending on antipoverty programs, education and most other areas of nonmilitary spending. Senate Republicans, nervous about their prospects in this fall's midterm elections, are balking at Mr. Bush's proposal to trim $36 billion over five years from Medicare, the government health program for the elderly. House and Senate leaders remain bogged down over a limited extension of Mr. Bush's tax cut for stock dividends, and Senate Republicans have repeatedly failed in efforts to permanently repeal the estate tax. At first blush, the Congressional Budget Office's report appears optimistic because it envisions that the budget deficit will slowly decline from $371 billion this year as economic growth generates more revenue and as Mr. Bush's budget cuts take effect. nytimes.com