U.S. Treasury's Snow predicts uptick in deficit

[UpInArms]

weren't they just saying that they were "on the path" of cutting the deficit in half?

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-12-07T193712Z_01_WBT004351_RTRIDST_0_ECONOMY-SNOW-URGENT.XML

WASHINGTON, Dec 7 (Reuters) - Treasury Secretary John Snow on Wednesday predicted an uptick in the U.S. budget deficit next year due to costs related to Hurricane Katrina.

"We'll obviously see some, some pick up next year unfortunately in, in the deficit as it reflects the spending for Katrina," Snow said after a meeting at the White House. "But the long term path we're on, and that's the path that will have the deficit coming in as a percent of GDP at below 2 percent," he said.

...short blurb...

[central scrutinizer]

1. the new trifecta

Katrina, Wilma, bird flu: Makes it easier to steal even more money and ship it to cronies.

[gWbush is Mabus]

2. fucking liars

[saigon68]

3. YOU ARE TOO NICE TO THE SCUMBAGS

I WOULD CALL THEM FILTHY CRIMINAL DEVIANTS

[Toots]

4. IOW the record deficit is increasing and so is the national debt

Ain't this economy grand the deeper and deeper in debt we go? :shrug: they can finesse it anyway they chose but the bottom line is we are out of control in debt....

[drb]

5. An UPTICK in the deficit! Holy freakin'....

...shit!

My fellow DU'ers, please pay attention. I don't stand to make a dime either way, but here are my strong recommendations to you.

1. If you own a home, make sure you have a long-term fixed rate mortgage. If you have some kind of balloon mortgage crap, refinance it now. If you can't afford a fixed rate on the house you're in, sell it and move. Now.

2. Make sure any other loans (like car loans) are on fixed rates.

3. Buy gold or silver.

[wordpix]

6. yeah and hide it all under the mattress

[pushycat]

12. How to buy gold and silver, please? Been looking around, but

would appreciate any advice on the matter.

[Megahurtz]

7. Yeah and they'll just keep scraping it off the bottom

to make up for it.:sarcasm:

Sick Assholes!

[Uncle Joe]

8. Well, he must be thinking the war in Iraq is a credit on the ledger. n/t

[bballny]

9. Why doesn't

even one reporter remind him that there was no deficit when they started.

[VaYallaDawg]

10. This is why the GOP sneers at "tax and spend" Democrats.

They're the spend and spend party. Somebody's grandchildren can try to catch up on the deficit.

[xchrom]

11. "But the long term path we're on,

and that's the path that will have the deficit coming in as a percent of GDP at below 2 percent," he said.


so even the good news has the deficit climbling?
with the deficit as big as it is -- even climbing SOME is huge{or hugh}.

[Tempest]

13. Is this the reason for the rumor SnowJob is going to be replaced?

Look at what happened to everyone else in the administration who told the truth.