Could the deficit reach $1.5 trillion in 2004?!

[Sliverofhope]

I'm reading an economic newsletter by Martin Weiss, and he brings up some interesting numbers. We have a $455 billion deficit now. But apparently, that assumes the economy is growing at 3.8%, and it's growing at half that, apparently. So because the economy is growing slowly, we could have a $500 billion deficit, unless the economy picks up.

And we also have:

$4 billion per month on reconstruction of Iraq

the, what? $86 billion Bush asked for?

tax cuts causing $50 billion per year

a prescription drug coverage would cost $80 billion per year

to bail out the insolvent Pension Benefit Guaranty Corporation would be another $50 billion

and then he says there are $650 billion estimated off-budget manipulations. Now I don't know any of this personally, but he's got a top rated economics newsletter.

So it all adds up to 1.5 trillion dollar deficit. And if this is true, what can be said?

[TreasonousBastard]

1. It's possible.

And it's very, very bad.

They are running the country like their friends ran companies-- milk them dry and hope for the best.

Shrub has seen many of his associates ruin corporations and suffer no personal loss, and he's done it himself. It appears that this is the model for running the country, and for that alone he should be impeached.

It's beyond irresponsible, it's criminal.