President Bush Enjoying His Newly Announced Record Deficit
WASHINGTON (AP) -- The White House projected Friday that this year's deficit will hit a record $445 billion, further fueling a campaign-season dispute over President Bush's handling of the economy.
The figure easily surpassed last year's $375 billion, making it the largest-ever in dollar terms. That gave ammunition to Democrats who say Bush's tax cuts and failure to prevent a loss of jobs during his term have worsened the outlook for the budget and the economy.
But in a political plus for Republicans, the new projection was also an improvement over forecasters' expectations of earlier this year. In February, the administration projected a $521 billion shortfall for 2004, while the nonpartisan Congressional Budget Office estimated a month earlier that the deficit would be $477 billion.
That is a plus! A single year, record, irresponsible debt rung up in the name of Americans! It surpassed last year's unbelievable deficit by a mammoth seventy billion dollars! Fucking awesome!
It's so fucking unbelievably great, I can hardly wait to start paying it back! Fuck, I hope Greenspan jacks up that federal interest rate soon so we can start paying back some really totally over the top, cool interest on this excellent debt!
With taxes. With giant, soul crushing taxes. From now until the end of time.
Until then, of course, I'll just have to be content paying a giant portion of my taxes to Reagan's massive deficits. From twenty years ago.
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