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Bush Plan Would Raise Deficit by $1.2 Trillion, Budget Office Says (NYT)

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Bush_Eats_Beef Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 04:16 PM
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Bush Plan Would Raise Deficit by $1.2 Trillion, Budget Office Says (NYT)
By EDMUND L. ANDREWS
Published: March 4, 2006

http://www.nytimes.com/2006/03/04/politics/04budget.htm...

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.
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noahmijo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 04:20 PM
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1. I don't care if I'm gettin screwed just so long as the queers ain't screwi
screwin!

Yee Haw!!!!
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Vincardog Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 04:21 PM
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2. Tell the GOP to ax their TAX cuts for the rich and get the from
Halliburton before they try to cut needed social programs. he Bu$hbots disgust me.
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Moderator DU Moderator Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 04:23 PM
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3. Duplicate
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