Sites Holmquist trys, and often fails, to go no more than a couple of days without visiting (some of which Holmquist regularly swipes links from without attribution)
"President Bush sent Congress a $2.23 trillion budget today — with record deficits — that would speed up billions of dollars in income tax cuts, provide huge increases for the Pentagon and offer a modest jump in spending for NASA," writes Elisabeth Bumiller in a New York Times story dated February 3. "Mr. Bush's budget forecasts a deficit of $304 billion in the current fiscal year, and projects a deficit of $307 billion for the 2004 fiscal year, which begins Oct. 1. Over the next five years the total projected deficit would be more than $1 trillion, a potentially problematic number for Mr. Bush, who as a presidential candidate vowed that he could both cut taxes and eliminate the national debt."
Also note:
The budget included no projection of the cost of any war with Iraq, which administration officials have said could be as low as $50 billion and as high as $200 billion. If there is a conflict, officials said, Mr. Bush would ask Congress for the money as an emergency supplement.
Of course, it isn't as if a budget for the current fiscal year has been finalized or anything. posted by micah holmquist at 2/04/2003 11:43:00 AM
