White House Projects Highest Deficit Ever

[seventhson]

http://apnews.myway.com/article/20040731/D845E4502.html


WASHINGTON (AP) - This year's federal deficit will soar to a record $445 billion, the White House projected Friday in a report provoking immediate election-season tussling over how well President Bush has handled the economy.

The administration's annual summertime budget update forecast shortfalls falling to $331 billion next year, then fading to $229 billion by 2009. For each year, the red ink was smaller than the White House envisioned six months ago.

The analysis was released the same day the Commerce Department said economic growth slowed this spring to an annual rate of 3 percent, well below the 3.8 percent spurt that many economists expected. The slowdown was caused by a spending cutback by consumers in the face of high gasoline costs, the department said.

[ayeshahaqqiqa]

1. I heard Bush say today

that the economy was great, and that Kerry had empty promises as to how to change it (implying that Bush acutally had a plan!). He went on to say that look at his record on the economy to know how to vote. I hope everyone follows his advice, because that will mean Kerry wins in a landslide. (and our Springfield MO NPR station never said a word about this speech or that Shrub was coming today--hmmm, very interesting....)

[mom cat]

4. I think that they may be tounge tied for a while. NPR has not had.

to respond to a level of analysis like Kerry's for a while and they are probably reeling from being unspun so fast.

[Jazzgirl]

5. ayeshahaqquiqa, are you in Springfield??

n/t

[ayeshahaqqiqa]

6. A little south, in Arkansas

but I'll be in Springfield a week from Saturday to lead the Dances of Universal Peace at the Unity Chapel on the west side of town.

[soothsayer]

2. they must be so proud n/t

[Cha]

3. That's what I was thinking! If their goal is to drown Government

in the bathtub like grover norquist says then they are getting closer.

[Moderator]

7. dupe

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x717486