"The administration actually underestimates the deficit, however, since it leaves out about $80 billion in war costs.... in violation of new mandates from Congress"
Congress, WhereTF are you?!
This guy just SHITS in YO' FACE and you DO NOTHING!!!!
"Federal budget deficit predicted to hit $482 billion
Associated Press
Washington — The next president will inherit a record budget deficit of $482 billion, according to a new Bush administration estimate released Monday.
The administration said the deficit was being driven to an all-time high by the sagging economy and the stimulus payments being made to 130 million households in an effort to keep the country from falling into a deep recession. But the numbers could go even higher if the economy performs worse than the White House predicts.
A CERTAINTY given this administration's record!
Damn liars have been wrong about damn near everything!
"The nation's economy has continued to expand and remains fundamentally resilient," said the budget office report.
WTF are they smoking down there, and why won't they share?
A $482 billion deficit would easily surpass the record deficit of $413 billion set in 2004.
Hey, look, Bush set another record -- by BREAKING HIS OWN MARK!!!!
The administration actually underestimates the deficit, however, since it leaves out about $80 billion in war costs. In a break from tradition — and in violation of new mandates from Congress — the White House did not include them.
The White House still projects that the budget will reach a surplus by 2012, helped by revenues boosted by optimistic projections of economic growth.
While looking through shit-colored glasses, I'm sure!!!!
Still, the new figure is so eye-popping in dollar terms that it may restrain the appetite of the next president to add to it with expensive spending programs or new tax cuts. In fact, pressure may build to allow some tax cuts enacted in 2001 and 2003 to expire as scheduled at the end of 2010, with Congress also feeling pressure to curb spending growth."
Yeah, right, the tax cuts are going to be reinstated, sure.
I won't hold my breath on that one, pffffffft!
Wait, maybe I will!!!
And about that optimistic White House forecast:
"WASHINGTON - The White House yesterday lowered its forecast for economic growth this year and next and said unemployment is likely to rise as housing and financial debacles along with high energy prices take their toll.
The new forecasts were contained in the budget office's updated look at the nation's balance sheets. A record $482 billion budget deficit is now being projected for next year, something the next president will inherit."
Actually, as I just illustrated, it is going to be even larger.
Nice gift for the new president, 'eh?
What an asshole Bush is: he fucking destroyed our country!!!!