Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SmithL
The spending document projects that the deficit will hit a record $427 billion this year, the third straight year that the red ink in dollar terms has set a record. Bush projects that the deficit will fall to $390 billion in 2006 and gradually decline to $233 billion in 2009 and $207 billion in 2010.

Those figures don't include the $80 billion Bush wants for Iraq, the cost of making the tax cuts permanent, or the cost of allowing for private accounts for Social Security. So I wonder what the defecits really will be? How how really meaningless these supposed cuts actually are.

15 posted on 02/07/2005 8:13:53 AM PST by Non-Sequitur
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Non-Sequitur

There is no "cost" to tax cuts. First off, tax cuts spur growth which increases revenue. During Reagan's 8 years every tax cut resulted in a revenue increase.

Secondly, it's OUR damn money.


24 posted on 02/07/2005 8:24:39 AM PST by RockinRight (It's NOT too early to start talking about 2006...or 2008.)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson