Federal deficit

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- Former Reagan Advisor angry Bush 'bankrupted America'
  Posted by Jeff from Rawstory
  Conservative economist Bruce Bartlett accused President Bush of "bankrupting" America and betraying the Reagan legacy in an interview on PBS's Tavis Smiley Show on Tuesday.
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- Bush submits $2,900,000,000,000 budget; $142.b more for Iraq war
  Posted by Jeff from Rawstory
  As he submitted his record fiscal year 2008 budget plan, Bush also said he would be seeking a supplemental request of 235 billion dollars in the 2007 and 2008 fiscal years for military spending and Washington's global "war on terror."
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- Revealed: US comptroller says US taxes would have to double to pay for Bush budget in 2040
  Posted by Jeff from Rawstory
  Would you like poverty with your war? The head of the GAO also warned that if no action is taken now to control government spending, severe tax hikes could be necessary. He stated that, "balancing the budget in 2040 could require actions as large as cutting total federal spending by 60 percent or raising federal taxes to 2 times today’s level."
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- W.Va. Senator Says Iraq Would Be Better Off With Saddam In Power -
  Posted by Jeff from CBS News
  And the U.S. would have $200-$300 billion dollars to invest in health care, public schools and securing our borders.
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- Budget deficit may drop this year
  Posted by Jeff from Seattle Times
  Republicans already are contending that the revenue jump proves their argument that tax cuts, especially the 2003 tax cut on stock dividends, would spur the economy and ultimately increase revenues. Democrats and many independent budget analysts note that revenues have barely climbed back to the levels reached in 2000, and that the government has spent trillions of dollars from Social Security surpluses just as the first of the nation's baby boomers are nearing retirement.
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- What will war cost? Studies weigh oil prices, lost productivity, more
  Posted by Jeff from Seattle Times
  But two research papers — one authored by an Iraq war critic, the other by a scholar at a conservative research center — sparked controversy by suggesting that when economic factors not included in the budget are added, the true cost to the U.S. economy over the next decade could be anywhere from $657 billion to $2 trillion for the Iraq war alone.
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- Deficit Will Climb in 2006, White House Says
  Posted by Jeff from New York Times
  No surprise here: "The White House acknowledged on Thursday that the budget deficit would climb back above $400 billion this year, erasing the brief improvement last year and complicating President Bush's vow to cut the deficit in half by 2009."
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Federal deficit

Former Reagan Advisor angry Bush 'bankrupted America'

Bush submits $2,900,000,000,000 budget; $142.b more for Iraq war

Revealed: US comptroller says US taxes would have to double to pay for Bush budget in 2040

W.Va. Senator Says Iraq Would Be Better Off With Saddam In Power -

Budget deficit may drop this year

What will war cost? Studies weigh oil prices, lost productivity, more

Deficit Will Climb in 2006, White House Says

There are no comments at this time.

There are no top posters for this section at this time.