Tax Cuts Will Pay For Themselves?

Discussion in 'Current Events' started by Orange_Juice, Jul 28, 2008.

  1. Orange_Juice
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    Orange_Juice Senior Member

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    Ummmmm....ok


    Bush administration official: 2008 will set record - Yahoo! News




    WASHINGTON - A senior Bush administration official says the budget deficit for this year will set a record in dollar terms, approaching $490 billion.

    The official said Monday the deficit was being driven to record levels by the sagging economy and the stimulus payments being made to 130 million households in an effort to keep the country from falling into a deep recession. A deficit approaching $490 billion would easily surpass the current record deficit of $413 billion set in 2004.

    The official spoke on condition of anonymity because the new deficit estimate had not been formally released. Bush administration officials were scheduled to do that at a news conference later Monday.
     
  2. Chris
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    Chris Gold Member

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    It's amazing isn't it that the Republicans do not understand that someone has to pay the bill when you cut taxes and increase spending?
     
  3. busara
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    busara wanasiasa wapumbava

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    good thing the repubs are fiscally conservative, otherwise the deficit would really be bad
     
  4. editec
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    editec Mr. Forgot-it-All

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    More amazing to me the fact that middle class people with kids think the same.
     

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