CBO: 10 year deficit to reach $3.5 trillion(repubs."faulty assumptions)

[RedEarth]

A new Congressional Budget Office report announced Thursday projects the federal deficit over the next 10 years will reach $3.5 trillion.

Requested by Democrats, the report has been met by criticism from Republicans who accuse the minority party of attempting to politicize the CBO, the nonpartisan accounting arm of Congress.

Republicans argue that the estimate is based on faulty assumptions, namely that instead of using baseline budgetary projections, the estimate assumed that all of President Bush's tax cut proposals for 2005 will be enacted, along with other tax breaks and spending assumptions that the congressional Republicans dismiss as unrealistic.



http://interestalert.com/brand/siteia.shtml?Story=st/sn/09230002aaa0746e.upi&Sys=siteia&Fid=POLITICS&Type=News&Filter=Politics

[w4rma]

1. Repugs are projecting their failures on others again (nt)

[Moderator]

2. Duplicate

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=859747