White House plays down Katrina impact on federal deficit

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http://www.billingsgazette.com/index.php?id=1&display=rednews/2005/09/22/build/nation/58-katrina-deficit.inc

White House plays down Katrina impact on federal deficit
Associated Press

WASHINGTON -- The head of the World Bank said Thursday that good progress was being made to wrap up an agreement that will provide more than $40 billion in debt relief to the world's poorest countries.

World Bank President Paul Wolfowitz said he was encouraged by recent developments but he conceded that it was a challenge to win endorsement from all countries for the agreement struck by the world's seven richest nations at their annual economic summit in July.

....

Administration officials said on Wednesday that they plan to reassure finance officials at the meeting that the billions of dollars in federal spending on recovery from Hurricane Katrina will not delay reaching the goal of cutting the U.S. federal budget deficit in half by 2009.

However, the International Monetary Fund is deriding that goal as "relatively unambitious" and suggesting that a better target would be to totally eliminate the deficit by 2010 with the help of tax increases.

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1. Wolfowitz.....

Look at these figures, and tell me these people are not delusional.

Their goal is to "cut the US federal budget deficit in half by 2009". What is the budget deficit? What is it going to be in 2008? How many more hurricanes and natural disasters could strike, blowing the budgets off the map?

Paul Wolfowitz is a delusional overpaid pencil-pusher who got us into war.

[okrzesik]

2. Monopoly Money

They are going to pay with Monopoly Money!