POLITICS: Record $445 Billion Deficit Projected by White House

Repulicans are blaming the invasion of Iraq and recession for the fiscal crisis in the United States. Democratic staff director for the House Budget Committee Thomas Kahn states, "Anyway you slice it, a deficit exceeding $400 billion this year alone is bad news for the country." Democrats blame Bush's tax cuts and job loss for the deficit problem.



The republicans blame the invasion of Iraq as the reason? I believe it was the republicans who put us at war with Iraq to begin with. Are they saying our deficit wouldn't be as high if they hadn't invaded Iraq?


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[edit on 30-7-2004 by deeprivergal]

[edit on 30-7-2004 by Banshee]

That's quite a presidency. Let's see here, he allowed the biggest attack directly on the USA homeland since pearl harbor. He waged a pre-empitive war based on false information. And he made got the high score playing with our countries deficit. I just don't see how anybody could vote for him, unless they are totally ignorant..

-Attero

Edit: Oh yea, and he destroyed our national image with his administrations crap foreign policy..

[edit on 30-7-2004 by Attero Auctorita]

Unfortunately there will be plenty of nearsighted fools ready to vote for Bush no matter what. And wait until they wheel a captured Bin Laden out just in time. Unfortunately I doubt Kerry and his team will be a whole lot better. Im still waiting for a law change and Arnold "Debt Terminator" Schwarenegger to run or Hillary at the very least before I bother to cast a vote.

Here's the NY Times article on the budget deficit.....


The budget office's deficit report will come in September, their calculation method is different than the White House and should be another hot topic heading towards the election in November.

THANK YOU for bringing the REALITY of this to light...

As a Banker, Businessman and general "money guy" I am here to say that the "percentage" IS , I REPEAT *IS* all that matters when worrying about deficits PERIOD.

Example... A person who makes $1,000,000,000.00 a year goes into a deficit of $100,000 is NOT the same as a person who makes $500,000.00 a year going into a $100,000.00 deficit.

To think that this deficit is worse than anyother (as the headlines attempt to sway the non financially astute voters) is an absolute deception at best and an outright propaganda lie/smear at worst.

This type of hooey is what stirs up the populace in the WRONG direction while taking folk's eyes off the REAL problems.

m...

This comes as no suprise. Did anyone really feel that we would have any less deficit than that. Besides this country is run on debt.

"We have a war, a recession, and a bunch of bad things, that's why we have to borrow money from Japan and China to keep the government operating."

Hey President Bush: Excuses are like assholes - everyone has one and they all stink.