Sunday, February 03, 2008

Federal budget deficit

President Bush is touting his plan to eliminate the budget deficit by 2012. Sure, he'll have to cut many programs to do so, but Bush wants to keep America focused on the end result in 2012.

Why does Bush stay focused on 2012? Perhaps because he'd prefer America doesn't know about what his budget will do in the next fiscal year. Under his plan, the budget deficit will increase almost 150% to $400-billion.

That's just shy of the record $413-billion deficit Bush racked up in 2004. Nonetheless, it seems that with such a substantial increase over last fiscal year, the budget deficit is heading in the wrong direction. With a record like this, how can anyone take the GOP presidential candidates seriously when they talk about the "tax and spend" Democrats?

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