CBO sees $480 billion U.S. deficit in fiscal 2004

[Yavin4]

From the article:

, the CBO said the deficit will more than double this year as a percentage of GDP, rising from 1.5 percent in fiscal 2002 to 3.7 percent in 2003. Over the next decade, the CBO expects cumulative deficits of $1.397 trillion




http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid=%7B2F3BFFBF%2DE96F%2D4428%2D985C%2DF23125F24FEC%7D&siteid=mktw

[Spazito]

1. What I find interesting are all the costs that are NOT included....

in the 480 billion. It just strengthens the fact that the deficit is much larger than the BEST case scenario of 480 billion.

[Yavin4]

2. Yep. It's More Like $650 Billion

The big wildcard is Iraq. The Bush administration has not been honest with anyone about the cost of the war and the peace.

[otohara]

3. Locking - dupe

Please continue discussion here:


http://democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=83390