The party of fiscal responsibility?
"The CBO's long-term forecast of $855 billion in deficits over the next decade dramatically understates the red ink poised to flow. That's because arcane rules require the CBO to assume that (1) no additional money will be spent in Iraq or Afghanistan, that (2) President Bush's tax cuts will soon expire (though he's pushing the GOP-controlled Congress to make them permanent), and that (3) the increasing bite of the alternative minimum tax will not be addressed (though both parties vow to act)..."
Hmm. Seems to me the last two presidents to balance a budget were Lyndon Johnson and Bill Clinton, with Democratic majorities in Congress...
Politics
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