Anyone But Bush NOTD – 3/16/2004
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By KellyMc - Last updated: Tuesday, March 16, 2004 - Save & Share - Leave a Comment

More news about how deluded Bush is (or maybe how much he wants to delude the public depending on your POV.) The deficit can not be “blamed on the economic downturn”: as much as Bush was trying to make us believe.

bq. When President Bush and his advisers talk about the widening federal budget deficit, they usually place part of the blame on economic shocks ranging from the recession of 2001 to the terrorist attacks that year.

bq. But a report released on Monday by the nonpartisan Congressional Budget Office estimated that economic weakness would account for only 6 percent of a budget shortfall that could reach a record $500 billion this year.

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