Our coming $2.4 trillion (yep, trillion!) deficit
Just great. The deficit is spiralling totally out of control. According to this Los Angeles Times story on the San Francisco Chronicle site. See previouis post on the great Moveon.org ad:
Federal budget deficits are expected to total $2.4 trillion over the coming decade, the Congressional Budget Office said Monday, almost $1 trillion more than the agency estimated only six months ago.
If Congress heeds President Bush's call and makes the tax cuts of the past three years permanent, that total could jump to more than $5 trillion, according to CBO figures, a development that would make it extremely difficult for Bush to keep his pledge to cut the deficit in half by the end of a second term.