culture, politics, commentary, criticism

Monday, January 26, 2004
Leave no surplus behind. Those tax cuts and that WMD-free spider hole photo op turned out to be the most expensive purchases in history (
WSJ, sub. req'd.):
The federal deficit will hit a record $477 billion this year and get worse if lawmakers cut taxes or increase spending, the Congressional Budget Office projected Monday in a report sure to become ammunition in the election-year fight over red ink.


The budget office also estimated that deficits for the decade ending in 2013 would total nearly $2.4 trillion. The August report foresaw deficits totaling $1.4 trillion over 10 years. The added red ink was due in part new costs, such as the prescription-drug benefit created last year.


The deficit hit $375 billion in 2003, the highest-ever in dollar terms. The previous record was $290 billion in 1992.


Many analysts say the budget office's deficit projections will probably prove too low -- especially in the long-term -- because they omit expenses the president and Congress are likely to approve.


The two parties are already fighting over the red ink that has materialized during the Bush years.

The budget's health has taken an abrupt nosedive after four straight years of annual surpluses that ran through 2001. Only last January, the budget office estimated 10-year surpluses -- not deficits -- of $1.3 trillion. And in January 2001, when Mr. Bush took office, the projection was for a decade of black ink totaling $5.6 trillion.

Republicans say Mr. Bush isn't to blame for the turnabout. Analysts say the surpluses have dissolved due to the recession, the tax cuts Mr. Bush pushed through Congress and growing spending for defense, Medicare and other programs.
From a surplus of $5.6 trillion to a deficit of $2.4 trillion. $8 trillion vanished from the US Treasury into thin air entirely on George W. Bush's watch.

The previous record deficit was in 1992 back when his daddy was president, protecting Neil Bush from the S&L regulators.

It's all Barbara's fault — her and her entire family of leeches. Barbara is the matriarch of a dynasty raised to destroy America by fiscal bleeding.

Greatest Hits · Alternatives to First Command Financial Planning · First Command, last resort, Part 3 · Part 2 · Part 1 · Stealing $50K from a widow: Wells Real Estate · Leo Wells, REITs and divine wealth · Sex-crazed Red State teenagers · What I hate: a manifesto · Spawn of Darleen Druyun · All-American high school sex party · Why is Ken Lay smiling? · Poppy's Enron birthday party · The Saudi money laundry and the president's uncle · The sentence of Enron's John Forney · The holiness of Neil Bush's marriage · The Silence of Cheney: a poem · South Park Christians · Capitalist against Bush: Warren Buffett · Fastow childen vs. Enron children · Give your prescription money to your old boss · Neil Bush, hard-working matchmaker · Republicans against fetuses and pregnant women · Emboldened Ken Lay · Faith-based jails · Please die for me so I can skip your funeral · A brief illustrated history of the Republican Party · Nancy Victory · Soldiers become accountants · Beware the Merrill Lynch mob · Darleen Druyun's $5.7 billion surprise · First responder funding · Hoovering the country · First Command fifty percent load · Ken Lay and the Atkins diet · Halliburton WMD · Leave no CEO behind · August in Crawford · Elaine Pagels · Profitable slave labor at Halliburton · Tom Hanks + Mujahideen · Sharon & Neilsie Bush · One weekend a month, or eternity · Is the US pumping Iraqi oil to Kuwait? · Cheney's war · Seth Glickenhaus: Capitalist against Bush · Martha's blow job · Mark Belnick: Tyco Catholic nut · Cheney's deferred Halliburton compensation · Jeb sucks sugar cane · Poindexter & LifeLog · American Family Association panic · Riley Bechtel and the crony economy · The Book of Sharon (Bush) · The Art of Enron · Plunder convention · Waiting in Kuwait: Jay Garner · What's an Army private worth? · Barbara Bodine, Queen of Baghdad · Sneaky bastards at Halliburton · Golf course and barbecue military strategy · Enron at large · Recent astroturf · Cracker Chic 2 · No business like war business · Big Brother · Martha Stewart vs. Thomas White · Roger Kimball, disappointed Republican poetry fan · Cheney, Lay, Afghanistan · Terry Lynn Barton, crimes of burning · Feasting at the Cheney trough · Who would Jesus indict? · Return of the Carlyle Group · Duct tape is for little people · GOP and bad medicine · Sears Tower vs Mt Rushmore · Scared Christians · Crooked playing field · John O'Neill: The man who knew · Back to the top

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