Wednesday, September 08, 2004
Deficit Analysis and Bush Differ (NY Times)
WASHINGTON, Sept. 7 - Even if the United States saved billions of dollars by withdrawing all troops from Iraq and Afghanistan, President Bush would still be unlikely to fulfill his promise to reduce the federal budget deficit by half within five years, the nonpartisan Congressional Budget Office said Tuesday.
In the final independent assessment of Mr. Bush's fiscal policies before the November election, the Congressional agency predicted that, if no existing laws changed, the federal deficit would see a much smaller decline, to $312 billion in 2009 from a record of $422 billion in 2004.
Vice President Dick Cheney, campaigning in Des Moines, said the report's projected deficit for the current year was about $56 billion less than earlier predicted
more
WASHINGTON, Sept. 7 - Even if the United States saved billions of dollars by withdrawing all troops from Iraq and Afghanistan, President Bush would still be unlikely to fulfill his promise to reduce the federal budget deficit by half within five years, the nonpartisan Congressional Budget Office said Tuesday.
In the final independent assessment of Mr. Bush's fiscal policies before the November election, the Congressional agency predicted that, if no existing laws changed, the federal deficit would see a much smaller decline, to $312 billion in 2009 from a record of $422 billion in 2004.
Vice President Dick Cheney, campaigning in Des Moines, said the report's projected deficit for the current year was about $56 billion less than earlier predicted
more
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