The 'ticking budget' facing the US--incredible analysis of the mess

[Gloria]

http://news.bbc.co.uk/2/hi/business/4244925.stm

Analysis
By Max Sawicky
Economic Policy Institute in Washington

Mr Bush says he wants to enforce greater spending restraint
The budget proposals laid out by the administration of US President George W Bush are highly controversial. The Washington-based Economic Policy Institute, which tends to be critical of the President, looks at possible fault lines.

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Public outcry

Interest-sensitive industries will feel pain immediately - sectors such as housing, automobiles, other consumer durables, agriculture, and small business.

Some will recall the news footage of angry farmers driving their heavy equipment around the US Capitol in the late 1970s.

There will be no need for constitutional amendments to balance the budget.

The public outcry will force Congress to act. Whether it will act wisely is another matter.

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