Bush Plan Would Raise Deficit by $1.2 Trillion
But this total does not include money for some relatively small costs--like the wars in Iraq and Afghanistan after this year.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.
Truthdig says: But this total does not include money for some relatively small costs–like the wars in Iraq and Afghanistan after this year.
WAIT, BEFORE YOU GO…If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface. We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.
Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.
There are currently no responses to this article.
Be the first to respond.