Tuesday, August 26, 2003

Democrats Cite Deficits As Bush's Failure
Tuesday, August 26, 2003 - By Will Lester, Associated Press Writer

WASHINGTON - President Bush's Democratic rivals seized on projections of record budget deficits Tuesday, arguing that the numbers add up to a failed economic policy that will hit future generations hard.

"It's obvious this administration doesn't have the slightest clue about how to get this economy back on track, get Americans back to work and get our nation's finances under control," said Sen. John Kerry of Massachusetts, who added, "it is time to admit what millions of unemployed Americans already know — that the economic policies of George W. Bush are the worst in our nation's history."

Congressional budget analysts said Tuesday that the government faces at least eight more years of budget deficits, including a record $480 billion shortfall in 2004. The analysts also warned that extending Bush's tax cuts beyond their expiration combined with other spending could increase the $1.4 trillion deficit over the next decade to $1.6 trillion.

Now, isn't that a lovely forecast. People, listen up, we need John Kerry in the White House...

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