gary350 0 #1 February 27, 2004 Bush budget would worsen deficits — CBO Agency forecasts gaps totaling $2.75 trillion over decade The Associated Press Updated: 4:41 p.m. ET Feb. 27, 2004 WASHINGTON - President Bush’s budget would produce deficits totaling $2.75 trillion over the next decade, the Congressional Budget Office projected Friday in the first authoritative look at the plan’s longer-range implications. The forecast — $737 billion worse than the budget office expects should Congress ignore Bush’s tax and spending plans — is sure to factor into this year’s presidential and congressional campaigns. Bush sent lawmakers a $2.4 trillion budget for 2005 on Feb. 2, but it projected outward only for five years. The White House argues that longer-range forecasts are guesswork, but Democrats say the administration wants to hide future deficits that will career out of control as baby boomers begin to retire. The nonpartisan budget office also forecast that Bush’s fiscal plans would produce deficits of $478 billion this year and $356 billion in 2005. Both figures are smaller than the shortfalls Bush has projected for those years. For the decade ending in 2014, however, annual shortfalls never would be smaller than $242 billion, which would occur in 2007, the budget office said. After that, they would bounce as high as $289 billion in 2014. Last year’s $374 billion shortfall was the largest ever in dollar terms. Two days ago, Federal Reserve Chairman Alan Greenspan focused attention on the government’s long-term fiscal problems by suggesting cuts in Social Security benefits to ease cascading red ink. Members of both parties quickly disavowed benefit reductions. Democrats, though, hope to use the prospect of massive, unrelenting shortfalls as a symbol of what they say is Bush’s mismanagement of the economy. Republicans blame the red ink on recession and the costs of war and terror and say Bush has focused his attention on those problems instead of balancing the government’s books. Yet underlining their sensitivity to the deficit problem, six conservative senators sent a letter this week asking Senate Budget Committee Chairman Don Nickles, R-Okla., to produce a fiscal blueprint for balancing the budget in seven years. That would exceed Bush’s goal of halving shortfalls in five years. One major item omitted by Bush’s budget but included in Friday’s projections was the cost of his proposal to make tax cuts permanent that otherwise would expire in 2010. Bush’s tax plans would add more than $1.3 trillion to deficits over the decade, although his plans to curb domestic spending would save $700 billion over that same period, the budget office said. Wary of the impact on deficits, Republican congressional leaders already have said they will not move this year on Bush’s proposal to extend the tax cuts, which is the pillar of his plan for strengthening the economy. The top two Democratic presidential contenders, Sens. John Kerry of Massachusetts and John Edwards of North Carolina, have said they would roll back the reductions for the wealthiest Americans. Just two years ago, the budget office and Bush envisioned surpluses totaling $5.6 trillion for the decade ending in 2011. The projections released Friday cover a slightly different period, the 10 years running through 2014. Even so, the contrast is striking. Quote Share this post Link to post Share on other sites
gary350 0 #2 February 27, 2004 Let the whining begin! Wahhhhhh - It was the Clinton recession! Wahhhhhh - It was 9-11! Wahhhhhh - It's the "War On Terror"! More GOP fiscal conservatism in action!!!! Quote Share this post Link to post Share on other sites
kallend 1,853 #3 February 28, 2004 It's all an evil leftie pinko-liberal plot. Everyone knows the CBO is a tool of the liberal media. wireservice.wired.com/wired/story.asp?section=Breaking&storyId=826863&tw=wn_wire_story What ever happened to good old conservative values?... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
kallend 1,853 #4 February 28, 2004 Silence from the right.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
bobsled92 0 #5 February 28, 2004 Quote Silence from the right. !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Silence...MY ASS!!!!!!!! I'm registared Republican since I was 18. NAFTA!!!!! A "Republican"(Madness of King George/"Daddy") plan that Clinton was corerced (while else would ANYone let it go through) into getting through, has done More damage to this country than any natural disaster and 9-11 combinded. It should be called TREASON! (Did I mention I'm going to change parties due to this pocket suffing bastard we have in office now )_______________________________ If I could be a Super Hero, I chose to be: "GRANT-A-CLAUS". and work 365 days a Year. http://www.hangout.no/speednews/ Quote Share this post Link to post Share on other sites
b1jercat 0 #6 February 28, 2004 I wonder what it will be up to after four more years of that c**ksucker? And your right the c**ksuckers that support him are quiet so it must be ok. blues jerry Quote Share this post Link to post Share on other sites
gary350 0 #7 February 28, 2004 Quote Silence from the right. You want silence? Doing a search at the google new site, the story is being reported on hundreds of sites and papers across the country. You know - it's a pretty big story. But how 'bout some fair and balanced reporting from Fox News? You know - they report we decide? Where is it? Somebody? Anybody? Maybe they just haven't gotten around to reporting on it yet. Or maybe it is buried so deep that I couldn't find it. Reminds me of GWB - either a liar or a grossly incompetent moron - has to be at least one (clearly BOTH, IMNERHO). In the case of Fox, either grossly biased or grossly incompetent (again, BOTH IMO). Quote Share this post Link to post Share on other sites
kallend 1,853 #8 February 29, 2004 QuoteQuote Silence from the right. You want silence? Doing a search at the google new site, the story is being reported on hundreds of sites and papers across the country. You know - it's a pretty big story. But how 'bout some fair and balanced reporting from Fox News? You know - they report we decide? Where is it? Somebody? Anybody? Maybe they just haven't gotten around to reporting on it yet. Or maybe it is buried so deep that I couldn't find it. Reminds me of GWB - either a liar or a grossly incompetent moron - has to be at least one (clearly BOTH, IMNERHO). In the case of Fox, either grossly biased or grossly incompetent (again, BOTH IMO). I think they're waiting for Ann Coulter to tell them how to spin it so it's Clinton's fault.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
tcnelson 1 #9 February 29, 2004 liberal morons to cause me 2.75 trillion headaches....."Don't talk to me like that assface...I don't work for you yet." - Fletch NBFT, Deseoso Rodriguez RB#1329 Quote Share this post Link to post Share on other sites
tunaplanet 0 #10 February 29, 2004 Quoteliberal morons to cause me 2.75 trillion headaches..... Couldn't have said it better. Forty-two Quote Share this post Link to post Share on other sites
Kramer 0 #11 February 29, 2004 Are you guys going to be mad when Bush gets re-elected? The FAKE KRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAMER!!!!!!!!! Quote Share this post Link to post Share on other sites
tunaplanet 0 #12 February 29, 2004 QuoteAre you guys going to be mad when Bush gets re-elected? If he does you can say hello to endless whines/moans/bitches/crying by three certain posters. Grab the rafts and oars...the water will be deep from the tears. Forty-two Quote Share this post Link to post Share on other sites
vonSanta 0 #13 February 29, 2004 Yo gotta admit the silence is kinda stunning compared to many other political threads. It is perjaps hard to argue against the deficit message and that's why? Santa Von GrossenArsch I only come in one flavour ohwaitthatcanbemisunderst Quote Share this post Link to post Share on other sites
kallend 1,853 #14 February 29, 2004 Quoteliberal morons to cause me 2.75 trillion headaches..... Are you now claiming Bush is a liberal?... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
tunaplanet 0 #15 February 29, 2004 QuoteYo gotta admit the silence is kinda stunning compared to many other political threads. No, it's just most of us are finally realizing the political/gun/religeous threads are pointless. No one changes anyone else's mind...so the entire point of the threads are to start arguments and such. But the MAIN reason you are seeing a decline in responses to these pointless threads is because of.....well this pic says it all..... Forty-two Quote Share this post Link to post Share on other sites
kallend 1,853 #16 February 29, 2004 QuoteQuoteYo gotta admit the silence is kinda stunning compared to many other political threads. No, it's just most of us are finally realizing the political/gun/religeous threads are pointless. No one changes anyone else's mind...so the entire point of the threads are to start arguments and such. But the MAIN reason you are seeing a decline in responses to these pointless threads is because of.....well this pic says it all..... 368 posts on Kerry-bashing threads last week. I don't think your analysis is correct.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
gary350 0 #17 February 29, 2004 QuoteQuoteliberal morons to cause me 2.75 trillion headaches..... Couldn't have said it better. QuoteLet the whining begin! Wahhhhhh - It was the Clinton recession! Must be what they are talking about. . . (?) Quote Share this post Link to post Share on other sites
Rainbo 0 #18 February 29, 2004 Just so you are aware, most budgets after they get through the process do this, for all administrations. Really just depends on how the CBO wants to spin it. Both the Republicans and the Democrats suck at budgeting. Maybe they should take lessons from me. I became unemployed during the Clinton administration after 23 years with the same company. Declining economy and all and you can't argue that. It was December 2000. I've only been employed 16 months since then. I still have a positive bank account, pay my bills, take care of my kids, think the government could do that. Give me Libertarians philosphy any day. RainboRainbo TheSpeedTriple - Speed is everything "Blessed are those who can give without remembering, and take without forgetting." Quote Share this post Link to post Share on other sites
gary350 0 #19 February 29, 2004 QuoteJust so you are aware, most budgets after they get through the process do this, for all administrations. Really just depends on how the CBO wants to spin it. Both the Republicans and the Democrats suck at budgeting. Most budgets do WHAT? Result in multi-TRILLION dollar deficits over the next decade? Uh, just a few short years ago, Bill Clinton's budgets lowered, lowered, lowered the deficits and then built several YEARS OF SURPLUSES, with no end in sight! Then Bush took office, representing the GOP, the party of fiscal conservatism, small government, personal responsibility, states rights. . . Quote Share this post Link to post Share on other sites
tunaplanet 0 #20 February 29, 2004 I bet GWB was responsible for the 1980 Mt. St. Helens eruption. Forty-two Quote Share this post Link to post Share on other sites
Rainbo 0 #21 February 29, 2004 Quote Most budgets do WHAT? Result in multi-TRILLION dollar deficits over the next decade? Uh, just a few short years ago, Bill Clinton's budgets lowered, lowered, lowered the deficits and then built several YEARS OF SURPLUSES, with no end in sight! Then Bush took office, representing the GOP, the party of fiscal conservatism, small government, personal responsibility, states rights. . . CBO projections, not money in the bank...but if you do not want to believe you wont. RainboRainbo TheSpeedTriple - Speed is everything "Blessed are those who can give without remembering, and take without forgetting." Quote Share this post Link to post Share on other sites
Rainbo 0 #22 February 29, 2004 Oh, and I suppose you are going to tell me the economy was not already in decline and jobs were not being lost while Clinton was still president...Rainbo TheSpeedTriple - Speed is everything "Blessed are those who can give without remembering, and take without forgetting." Quote Share this post Link to post Share on other sites
SkydiverRick 0 #23 February 29, 2004 Quote Silence from the right. What's wrong? Nobody wants to join your liberal circle jerk? never pull low......unless you are Quote Share this post Link to post Share on other sites
tunaplanet 0 #24 February 29, 2004 QuoteCBO projections, not money in the bank...but if you do not want to believe you wont. I follow what you're saying, as well as many others with an average and above intelligence. The problem lies in that sheep don't believe nor think for themselves. They follow the herd and do as they're told. Forty-two Quote Share this post Link to post Share on other sites
tunaplanet 0 #25 February 29, 2004 QuoteWhat's wrong? Nobody wants to join your liberal cicle jerk? Yeah, Gary can be the pivot-man Forty-two Quote Share this post Link to post Share on other sites
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