The Administration would have you believe that the $400 billion deficit the U.S. will have this year is because of Hurricane Katrina clean-up.
Reports the Chicago Tribune (reg.req.):
Even with December's surplus, experts are predicting that the budget deficit for this year could well surge above $400 billion, reflecting increased government spending to help with reconstruction efforts in hurricane-ravaged states along the Gulf Coast.
Katrina clean-up accounts for, oh, $1 billion—0.25%—of the deficit. The other $399 billion comes from a deliberate sequence of ideologically-driven tax cuts that have (a) left the Federal government vastly under-funded, which (b) is what the Administration wanted in the first place.
The Tribune goes on directly:
President Bush has vowed to cut the deficit in half by 2009 and still preserve the tax cuts he pushed through Congress in his first term.
I don't need Anne's math degree to find fault with that goal.
Let's review the Administration's record:
This is the program outlined by Grover Norquist and his homeys almost 25 years ago.
Happy New Election Year, folks.
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