White House to Project Record Deficit

[cthrumatrix]

White House to Project Record Deficit

By ALAN FRAM, Associated Press Writer

WASHINGTON - The White House will project soon that this year's federal deficit will exceed $420 billion, congressional aides said, a record figure certain to ignite partisan warfare over President Bush (news - web sites)'s handling of the economy.



The annual summertime analysis is expected out this Friday, said several congressional aides speaking on condition of anonymity Tuesday. That would be well after the frequently ignored legal deadline of July 15.


White House budget office spokesman Chad Kolton said the report will be issued when it is ready, and offered no date. Friday will be a day after the Democratic National Convention ends — a release date that would prevent presidential candidate Sen. John Kerry (news - web sites), D-Mass., and others at the gathering from citing its figures to criticize Bush.


Some aides said they believed the projected shortfall would be close to $450 billion, though one said it would be about $420 billion.

snip

http://story.news.yahoo.com/news?tmpl=story&e=5&u=/ap/20040728/ap_on_go_pr_wh/budget_deficit

We have such excellent fiscal leadership.

[lovedems]

1. My brother labels my an out of touch liberal.

In an effort to marginalize me. I would like to get a shirt like Laverne Defazio and have a big cursive L on some of my shirts! Anyway, when he calls me a liberal I tell him that since is supporting Bush, he must be a conservative. He agrees. I then ask are historical budget deficits a conservative notion? Is under funding education a conservative notion? Are undercutting environmental laws for corporate profit a conservative notion? He gets a dumb look on his face and changes the subject. While I don't mind being called a liberal, I do mind my brother trying to marginalize me. I think he gets the point that labels don't necessarily describe a person.

[LiberalEsto]

2. Plenty of deficits to go around

.... the federal deficit
.... deficit of intelligence in the Administration
.... deficit of even the slightest hint of compassion in the Administration
.... deficit of common sense in the Administration
.... deficit of common decency in the Greedy Oil Pig party

[Moderator]

3. dupe

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=711956