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White House Projects Highest Deficit Ever
Associated Press ^ | 07/30/2004 | Alan Fram

Posted on 07/30/2004 8:14:15 PM PDT by presidentbowen

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I can see this being the main talking point for the Sunday Morning Talk Shows.
1 posted on 07/30/2004 8:14:16 PM PDT by presidentbowen
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To: presidentbowen

Highest deficit/Highest GDP. What's the problem?


2 posted on 07/30/2004 8:18:27 PM PDT by Brilliant
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To: Brilliant

Don't know, but I for one, am sick and tired about hearing these deficits. Please, no flames! I know we are at war, but we need to go back to the days of cutting every social program across the board but defense and intelligence. I really miss President Reagan.


3 posted on 07/30/2004 8:22:43 PM PDT by presidentbowen (God Bless Ronald Reagan!)
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To: Brilliant

That is correct. Deficit reflected as a percentage of the GDP, rather than in absolute dollars is a better indicator. The tax cuts have expanded the tax base, just as they did under Reagan. They need to be made permanent, and of course get this spending spree under control.


4 posted on 07/30/2004 8:24:57 PM PDT by dandi (This Space For Rent)
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To: presidentbowen

Right after the election. Keep in mind that even Kerry is only planning to cut the deficit by 50% in 4 years. That is pathetic. I'll take a chance that GW returns to basics after the election.


5 posted on 07/30/2004 8:26:13 PM PDT by Brilliant
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To: presidentbowen

Then you must be thrilled that it's about $100 billion lower than expected, thanks to a strong economy spurred by the President's multiple rounds of tax cuts.


6 posted on 07/30/2004 8:26:46 PM PDT by Coop (In memory of a true hero - Pat Tillman)
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To: presidentbowen
We've had the "highest deficits ever" for decades.

More brainless spin from the lemmings on the Left. They've discovered fiscal discipline just in time for the election!

7 posted on 07/30/2004 8:29:53 PM PDT by Reactionary
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To: presidentbowen

Bush needs one Clintonian moment in this campaign. Hear me out before screaming at me! When Clinton said "Some of you thin I've raised your taxes too much, and you know what, I think so too" it was smart politics. Bush should, at some point, say "Some think domestic spending has increased too much during my presidency, and you know what, I think so too. In my second term we'll do a whole lot better."


8 posted on 07/30/2004 8:32:06 PM PDT by RW1974
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To: Brilliant
Deficit/GDP is about3-4%??
Is there a freeper out who can elaborate on the Keynesian(sic?) economic theory that states you must run a deficit to sustain growth?
9 posted on 07/30/2004 8:33:30 PM PDT by 1FreeAmerican
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To: presidentbowen
President Bush can't spend a dime unless Congress approves it.

The AP is just doing what it always does.

Ignoring the truth.

Reuters is the same way.

Schripps-Howard remains relatively reliable.

10 posted on 07/30/2004 8:33:44 PM PDT by smoothsailing (Eagles Up !!!!)
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To: presidentbowen
The projection, if accurate, would mean the government will have to borrow 19 percent of the $2.32 trillion it expects to spend this year.

Well there you go. Completely out of control spending. We need a damn Constitutional Amendment to mandate a balanced budget and a 2/3 majority required for any tax increase with NO friggin' loopholes. Is this why we elected a Republican government?

11 posted on 07/30/2004 8:34:45 PM PDT by Rightwing Conspiratr1 (Lock-n-load!)
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To: presidentbowen

Bush's deficits are only at the level of Carter's budgets. It's time to worry when Bush's (or Kerry's) deficits grow to the size of Reagan's budgets.


12 posted on 07/30/2004 8:36:13 PM PDT by Doctor Stochastic (Vegetabilisch = chaotisch is der Charakter der Modernen. - Friedrich Schlegel)
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To: smoothsailing
President Bush can't spend a dime unless Congress approves it.

He also apparently has no clue what a veto is.

13 posted on 07/30/2004 8:36:39 PM PDT by Rightwing Conspiratr1 (Lock-n-load!)
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To: Coop
Then you must be thrilled that it's about $100 billion lower than expected

It's actually quite in line with the CBO projections - the White House overestimated the deficit for political purposes.

14 posted on 07/30/2004 8:40:16 PM PDT by sarcasm (Tancredo 2004)
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To: presidentbowen

What was that? I cant hear you.


15 posted on 07/30/2004 8:43:13 PM PDT by Delta 21 (MKC USCG -ret)
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To: Rightwing Conspiratr1

That, and we need a Taxpayer Bill Of Rights for every state! Thank you Governor Owens! Owens in 2008!

For now though,

Bush/Cheney '04 :-)


16 posted on 07/30/2004 8:48:56 PM PDT by presidentbowen (God Bless Ronald Reagan!)
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To: Rightwing Conspiratr1
OK, that's fair game.

In your humble opinion, what should President Bush veto?

17 posted on 07/30/2004 9:03:36 PM PDT by smoothsailing (Eagles Up !!!!)
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To: Doctor Stochastic
Bush's deficits are only at the level of Carter's budgets.

And this is comforting how?

18 posted on 07/30/2004 9:06:16 PM PDT by Doe Eyes
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To: Doe Eyes

It's comforting like a gravel mattress is.


19 posted on 07/30/2004 9:11:56 PM PDT by Doctor Stochastic (Vegetabilisch = chaotisch is der Charakter der Modernen. - Friedrich Schlegel)
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To: smoothsailing
In your humble opinion, what should President Bush veto?

He should have vetoed a lot of things, trouble is he's apparently for the damn spending just like Congress. The ridiculously huge farm subsidy bill, the massive pork fest transportation bill, and the largest new entitlement since the Johnson administraction prescription health care bill. Oh I could think of more. How about that 1st 78 billion dollar bill (ostensibly for our soldiers) that John SKerry voted against. Did you read the damn thing? About 3/4 of it was FOREIGN AID. 9 billion went to Isreal, 4 billion went to Turkey. WTF?! Oh there's much more. These packages and more have been put together by the administration in consultation with the Republican majority in the Congress. Reagan at least had an excuse as the opposition controlled congress. Bush has no excuse.

20 posted on 07/30/2004 9:37:23 PM PDT by Rightwing Conspiratr1 (Lock-n-load!)
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