Bush Budget Would Add $1.6 Trillion To Deficit [View All]

[Mark E. Smith]

AP - 3/4/5

Analyst: Bush Budget Would Yield Deficit

WASHINGTON - President Bush's budget would keep federal deficits over $200 billion annually for the next decade and add $1.6 trillion to the shortfalls that would otherwise occur if his fiscal policies are not enacted, Congress' top budget analyst said Friday.

The nonpartisan Congressional Budget Office said the president's budget would leave a 2005 deficit of $394 billion and a 2006 gap of $332 billion.

But the budget office noted that Bush's fiscal blueprint omitted the costs of overhauling Social Security, which some analysts have said could cost $2 trillion over the next decade.

http://story.news.yahoo.com/news?tmpl=story&ncid=703&e=1&u=/ap/20050304/ap_on_go_pr_wh/bush_budget
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Somebody needs to take the national credit card away from this fiscal crack whore.