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Yahoo! News - Washington shelved report of 44-trillion-dollar deficit by Mike the Usurper at 12:32 pm EDT, May 29, 2003 |
] In the midst of negotiating a steep tax cuts package, the ] US government shelved a report that showed the United ] States faces future federal budget deficits of more than ] 44.2 trillion dollars. My immediate reaction to this was three words. "Mother of God." My secondary reaction was, if I needed another reason to tell me that these guys (the Shrubbery) have their necks as the only visible portion of the cranial anatomy visible and it's protruding from their posterior, well this is it. |
Yahoo! News - Washington shelved report of 44-trillion-dollar deficit by Rattle at 5:32 pm EDT, May 29, 2003 |
] In the midst of negotiating a steep tax cuts package, the ] US government shelved a report that showed the United ] States faces future federal budget deficits of more than ] 44.2 trillion dollars. ] The Financial Times hinted that the decision not to publish ] the report may have been because the White House was ] campaigning for a massive tax-cut package that critics ] claim will expand future deficits. ] ] The study, according to the same source, said that sharp ] tax increases, massive spending cuts or both are ] unavoidable if the US is to meet benefit promises to ] future generations. ] ] "It estimates that closing the gap would require the ] equivalent of an immediate and permanent 66 percent ] across-the-board income tax increase," the Financial ] Times said. Yikes. |
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