SFGate - Budget analysts see deeper 10-year deficits of $2.4 trillion
The government's budget outlook deteriorated further on Monday as the Congressional Budget Office projected nearly $2.4 trillion in deficits over the next decade, providing new fuel for an election-year battle over soaring federal shortfalls.
Along with the forecast, almost $1 trillion worse than estimated in August, Congress' nonpartisan fiscal watchdog said this year's deficit would hit $477 billion. That would be a record in dollar terms.
Well, we now know which party is the party of
Fiscal Responsability and it ain't the GOP.
onservatives, who have been rebelling openly for weeks over the growth of spending and deficits on Bush's watch, said Monday his proposals for corrective action were too timid.
Rep. Mike Pence, R-Ind., said he and other conservatives were working on a budget that would balance in five years and be even more stringent on spending, perhaps cutting programs that Congress controls.
"I think Congress can do better, and I think we should make it our purpose to present a bolder fiscal vision than the administration will put forward," he said.
Pence and others conceded that while they probably don't have the votes to push their plan through the GOP-run House, they hoped to influence the budget it produces.
That's the now that we have given away the store to the wealthy, lets get the middle class, the working class and the poor
(AKA the Lucky Duckies) to pay for the give away.
