Tuesday, February 08, 2005


The New York Times looks over the President's proposed budget and writes:

One year ago, when he [President Bush] first pledged to cut the deficit in half by the 2009 fiscal year, the White House predicted that the budget deficit would decline to $364 billion in 2005 and $268 billion in 2006.

Now, the White House is predicting that the budget deficit will rise to $427 billion in 2005, the current fiscal year, and decline to only $390 billion in 2006.

Oh what's $63 billion between friends?


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