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Federal Deficit/2007 Bush Budget
Federal Deficit:
OMB has estimated the National Debt at the end of the Bush term will be about $10 Trillion and the annual interest will have jumped from $230 Billion in 2001 to $500 Billion by 2010.
One of the Bush objectives for the second term is to reduce the annual deficit by 50%. That would mean by 2008, the United States would still be running an annual budget deficit of over $200 billion every year.
His objective of cutting future annual increases in
half does not deal with the issue that he and his predecessors since 1980 have created the $ 10 Trillion debt.
2007 Bush Budget
While Bush is pushing to make his tax cuts for his wealthy supporters permanent, look at some of the proposed CUTS he has included in his 2007 Budget:
Cuts from Education
Cuts from the Dept of Energy
Cuts from the National Institute of Health
Cuts from Centers for Disease Control
Cuts for Medicare Reimbursement
Cuts for food aid to CHILDREN under 6 and the ELDERLY
Cuts for the NATIONAL GUARD and ARMY RESERVE
HOW COULD WE HAVE
ELECTED A PRESIDENT THAT IS SO OUT OF TOUCH WITH
WHAT IS NEEDED IN AMERICA?
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