Errant Predictions

by TChris

In July, the Bush administration predicted that last year's budget deficit of $412 billion would fall to a mere $331 billion this year. Today the administration admitted that the number will be closer to $427 billion, making this the fourth consecutive year in which the deficit has grown.

Although "senior administration officials insisted they were still on track to fulfill Mr. Bush's campaign promise of reducing the federal budget deficit by half by 2009," the administration has offered no convicing plan to meet that pledge while moving forward with its other costly goals: making last term's tax cuts permanent, paying for the aftermath of the war in Iraq (and maybe a war in Iran?), and privatizing social security.

The administration asked Congress for about $75 billion to cover war costs in Iraq and Afghanistan, but provided few details about how the money will be spent. It asked for another $5 billion for related purposes, including "financial aid to Palestinians as they try to build a democratic government and a heavily fortified embassy in Iraq for the State Department."

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    Re: Errant Predictions (none / 0) (#1)
    by scarshapedstar on Wed Jan 26, 2005 at 07:10:11 PM EST
    Yes, but chocolate production is up 400%.

    Re: Errant Predictions (none / 0) (#2)
    by kdog on Thu Jan 27, 2005 at 07:46:07 AM EST
    Maybe the dopey Dems could take over as the party of fiscal responsibility?

    Re: Errant Predictions (none / 0) (#3)
    by Talkleft Visitor on Thu Jan 27, 2005 at 08:17:17 AM EST
    only $427 Billion? Heck, thats much too low, lets borrow another $2 TRILLION just for good measure.

    Re: Errant Predictions (none / 0) (#4)
    by Talkleft Visitor on Thu Jan 27, 2005 at 04:59:16 PM EST
    Building castles around our new palaces (including former mosques) in all Islamic countries is CRUCIAL to our crusade. We MUST have a 2 Billion dollar embassy in Bagdad (previous capitol of the former country of Iraq) to receive tribute in a safe and secure environment. Our AEI interns have never been outside the U.S., and have no knowledge of the Arab territories or their remaining languages. For that reason it is CRUCIAL that we provide them secure and safe swimming pools and golf courses WITHIN the castle walls, in addition to comfortable salons for their interaction with (and assessment of) women to be exported to Victor Nations (the former NATO). To the victor goes the spoils. All hail the new Caesar.