Post by Jaga on Jul 28, 2008 21:13:41 GMT -7
is this the only legacy of the current administration? 
from Fox Business News (so that nobody would complain that I post only news from far left
WASHINGTON -- The White House says the slowdown in the economy is chiefly responsible for a big jump in next year's budget deficit.
It also predicts the economy will grow at a rate of 1.6% this year and rebound at a greater than 2% rate next year.
Bush's successor will inherit a deficit that's likely to exceed a half-trillion dollars once war costs are factored in. This year's deficit will tally $389 billion. That's way up from $162 billion last year.
The new figures are so eye-popping that the next president may face pressure to take action instead of adding to it with expensive spending programs as promised by Democrat Barack Obama or new tax cuts pledged by Republican John McCain.
www.foxbusiness.com/story/markets/industries/government/president-inherit-record-deficit/
from Fox Business News (so that nobody would complain that I post only news from far left
WASHINGTON -- The White House says the slowdown in the economy is chiefly responsible for a big jump in next year's budget deficit.
It also predicts the economy will grow at a rate of 1.6% this year and rebound at a greater than 2% rate next year.
Bush's successor will inherit a deficit that's likely to exceed a half-trillion dollars once war costs are factored in. This year's deficit will tally $389 billion. That's way up from $162 billion last year.
The new figures are so eye-popping that the next president may face pressure to take action instead of adding to it with expensive spending programs as promised by Democrat Barack Obama or new tax cuts pledged by Republican John McCain.
www.foxbusiness.com/story/markets/industries/government/president-inherit-record-deficit/
