Congress's Analysts See Worsening Deficit(assuming some tax breaks ended!)

[papau]

http://story.news.yahoo.com/news?tmpl=story&ncid=578&e=2&u=/nm/20040907/bs_nm/congress_deficit_dc

Congress's Analysts See Worsening Deficit


WASHINGTON (Reuters) - The U.S. budget deficit will balloon to $2.29 trillion over the next decade, congressional analysts said on Tuesday, a worse outlook than previously forecast and one likely to stir election-year debate about President Bush's economic policies.

The forecast from the nonpartisan Congressional Budget Office (news - web sites) compares to the outlook for a $2.01 trillion deficit for 2005-2014 it provided in March under current economic policies. <snip>

Democrats say Bush's tax cuts are responsible for turning the surplus he inherited into a record deficit, which they say threatens the future of Social Security and the Medicare health care program for the elderly.


The CBO also confirmed a preliminary forecast it put out in August showing an expected record deficit of $422 billion for the 2004 fiscal year.

That compares to the White House's latest deficit forecast of $445 billion for this year. The White House no longer provides a 10-year deficit forecast. <snip>