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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (72026)7/11/2006 7:59:26 PM
From: longnshort  Read Replies (1) | Respond to of 173976
 
nah, not bad with a on going war and compared to GDP



To: Kenneth E. Phillipps who wrote (72026)7/11/2006 8:45:04 PM
From: Hope Praytochange  Respond to of 173976
 
lefties weeping heart out: NOV losers



To: Kenneth E. Phillipps who wrote (72026)7/11/2006 10:15:46 PM
From: puborectalis  Respond to of 173976
 
Cut and Run.........http://www.newamerica.net/index.cfm?pg=article&DocID=2726



To: Kenneth E. Phillipps who wrote (72026)7/11/2006 11:33:46 PM
From: puborectalis  Respond to of 173976
 
the shortfall in the budget between where the economy is today and where the White House forecasted it would be in its pre-9/11 projections -- when it predicted a $600 billion budget surplus for 2006 -- is close to $1 trillion.

The tax cuts account for about $250 billion of that shortfall . Spending on the war in Iraq, homeland security and Hurricane Katrina relief account for $150 billion. Another $250 billion went to other federal spending, including the new Medicare Part D prescription drug program.

And about $200 billion of the decline is the result of lower-than-expected investment-related tax revenue, which resulted from the Internet stock bubble bursting and a weakened stock market.