admin
07-16-2003, 06:57 PM
OMB has released its estimate that the deficit for FY 2004 will be $455 billion. This number can be compared with the record-breaking deficits of the Reagan Administration and depending on the yardstick used they could be as great or smaller.
However, one point of difference; we are now locked into expenditures for future years that are, for all practical purposes, non-discretionary---peace keeping efforts around the world.
Deficits of this magnitude are an extremely important matter. We suggest that the Congress and the Administration realize this fact and place a moratorium on new spending initiatives, including the prescription drug program.
It is time to get to work on the boring problem of keeping within budget as opposed to promising all things to all people.
Read article:
http://www.washingtonpost.com/wp-dyn/articles/A62129-2003Jul15.html?nav=hptoc_eo
However, one point of difference; we are now locked into expenditures for future years that are, for all practical purposes, non-discretionary---peace keeping efforts around the world.
Deficits of this magnitude are an extremely important matter. We suggest that the Congress and the Administration realize this fact and place a moratorium on new spending initiatives, including the prescription drug program.
It is time to get to work on the boring problem of keeping within budget as opposed to promising all things to all people.
Read article:
http://www.washingtonpost.com/wp-dyn/articles/A62129-2003Jul15.html?nav=hptoc_eo