Bush's Goal to Reduce Deficit Criticized

[POed_Ex_Repub]

WASHINGTON - President Bush (news - web sites)'s goal of halving this year's projected $500 billion deficit by 2009 distracts from the more serious crunch the government faces later as the huge baby boom generation ages, critics say.

"Is it achievable? Yes," said Robert Reischauer, former head of the nonpartisan Congressional Budget Office (news - web sites) who is now president of the Urban Institute. "Is it likely to occur? No. Is it sustainable? Probably not, because the world turns worse" at the end of this decade.


more....

http://story.news.yahoo.com/news?tmpl=story&u=/ap/20031218/ap_on_go_pr_wh/bush_deficits&cid=544&ncid=716

[Racenut20]

1. Is there a plan? I must have missed it.

[JNelson6563]

2. "the world turns worse"

That about sums it up.

BTW, I like your screen name. :hi:

Julie

[Mari333]

3. Ken Lay and Dick Cheney and all the CEOs at Halliburton

and Bechtel are doing well tho! Of course, our CHILDREN had to die for OIL to make it so...the rest of us in the US are screwed. For generations to come.

[Kolesar]

4. too timid by conservatives, unachievable by analysts and laughable by Dems

Plain Dealer News
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Bush's proposal to halve deficit draws derision and skepticism

12/18/03

Alan Fram
Associated Press
Washington- President Bush's goal of cutting in half a projected $500 billion federal deficit within five years is being dismissed as too timid by conservatives, unachievable by analysts and laughable by Democrats.

Bush will include the objective in the $2.3 trillion budget for 2005 he sends Congress in February, nine months from the presidential and congressional elections. The goal is backed by many Republicans, but conservatives want a bolder move against the record deficits and big spending increases the administration has run up.

"It's a rather anemic goal, actually," said Stephen Moore, president of the conservative Club for Growth.
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