Bush Plan Would Raise Deficit by $1.2 Trillion

N.Y. Times: WASHINGTON, March 3—President Bush’s budget would increase the federal deficit by $35 billion this year and by more than $1.2 trillion over the next decade, the Congressional Budget Office reported on Friday.

The nonpartisan budget office said that Mr. Bush’s tax-cutting proposals would cost about $1.7 trillion over the next 10 years and that his proposals to partly privatize Social Security would cost about $312 billion during that period.

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Truthdig says: But this total does not include money for some relatively small costs--like the wars in Iraq and Afghanistan after this year.