News and Opinion for Democrats Against Bush -- Part II
Bush's Deficit Is Even Worse Than You Think
PT. II - HOME PAGE
PT. II - CONTENTS
BUSH and the MEDIA
CIVIL RIGHTS
-- Gay Rights
THE ECONOMY
-- The Real Deficit
---- Deficit Lies
-- International Debt
---- Children Will Pay
-- Tax Cut Con Game
---- Tax-Cut Lies
------ to Small Business
---- Phony Benefits
---- Hurting States
---- Why Accepted?
---- Cuts Will Backfire
-- Low-Tax Mania
-- Move toward Flat Tax
-- Corp. Tax Dodgers
-- Corporate Welfare
---- Halliburton
-- The SUV Boondoggle
-- Unemploym't Worse
------ Comp. Denied
---- Jobs Not Created
-- Widespread Poverty
-- False Recovery
-- Stock Market
EDUCATION
-- Texas Sch. Scandals
-- Broken Promises
-- Abandoned Youth
-- College Aid Cut
-- Aid to Rich Colleges
-- Textbooks Censored
-- Acad. Freedom Denied
ELECTRONIC VOTING -- --- A Crucial Issue
ENERGY
-- Monstrous Bill
---- Allows Blackouts
---- Bi-Part. Oppos'n
-- New Energy Bill
ENVIRONMENT
-- Bush's "Eco-Speak"
---- How to Tell Lies
-- Crimes v. Nature
---- Air Pollution
---- Global Warming
---- Ozone Depletion
---- Chemical Hazards
---- Loss of Wildlife
-- States Combat Bush
---- Power Plant Suits
-- Pension Funds, Too
LABOR ISSUES
-- Worker Safety
-- Real Jobless Stats
-- Overtime in Danger
--"Productivity"
PUBLIC HEALTH
-- Poor Ranking
-- Privatized Socialism
-- Health Insurance
---- The Uninsured
------ Middle Class
-- Cost of Drugs
-- Medicare
---- A Cynical Bill
---- Favoring HMOs
---- $$ to Drug Co.s
---- Bait and Switch
---- AARP Sells Out
---- Bullying to Win
---- Australian Critique
---- Some Good News
-- Chill on Research
TRANSPORTATION
-- Amtrak
-- Mars vs. Amtrak
WAR OF IDEAS
-- Use of Language
WAR on TERROR
--'Enemy Combatants'
-- Ultra-Secret Trials
-- Homeland Insecurity
---- Funds Miss Needs
WAR on CIVIL RIGHTS
-- FBI Prying Grows
---- Targeting Protests
------ & Anti-Bush Talk
-- Computer Privacy
-- Patriot Act
---- Excesses
------ Cure - SAFE Act
---- Dangers
---- Author's Fear
---- Librarians' Warning
--"Patriot Act II"
---- Death for Protest?
---- Sneak Enactments
-- CAPPS II
---- GAO Criticisms
---- EFF Concerns
-- Guantanamo
---- Conditions
---- Legal Status
---- UK Judge's Blast
-- Torture Condoned
---- Canadian's Ordeal
-- Yousef Yee
WAR on SCIENCE
-- Scientists Accuse
---- Admin. Can't Deny
WAR on WOMEN
-- Abortion Truths
-- Notorious Photo
WAR on WORKING FAMILIES

"Through an accounting sleight of hand with far greater consequences than the corporate scandals of recent years, the federal government distorts public debate, threatens social programs and impoverishes future generations"             
 --HOWELL E. JACKSON         
 
For excellent current articles on the state of the deficit, see the Center on Budget and Policy Priorities website at-- http://www.cbpp.org/

 
The New York Times
October 9, 2003

It's Even Worse Than You Think

By HOWELL E. JACKSON
 
The complete article may be purchased online from the New York Times archives at-- http://query.nytimes.com/gst/abstract.html?res=F20D10FD34580C7A8CDDA90994DB404482
 
Excerpt--

CAMBRIDGE, Mass.
Last week the federal government ended the fiscal year with a reported deficit of approximately $400 billion, pushing the federal debt held by the public to nearly $4 trillion. Sobering though these numbers are, they actually understate the problem. Through an accounting sleight of hand with far greater consequences than the corporate scandals of recent years, the federal government distorts public debate, threatens social programs and impoverishes future generations.

What's missing from the $400 billion figure is an accurate recognition of the mounting obligations of the Social Security system. ...

But even if the Social Security surplus were not used to disguise the deficit, the budget would still ignore the substantial growth in commitments to current workers and retirees. ...

Howell E. Jackson is professor at Harvard Law School.

 

 
The New York Times
October 26, 2003

Market Cheer, Deficit Worries

The complete article may be purchased online from the New York Times archives at-- http://query.nytimes.com/gst/abstract.html?res=F40E1FF939550C758EDDA90994DB404482
 
Excerpt--

... President Bush and his aides are in denial about the deficit's potential impact on long-term interest rates. It's true that a stronger economy, producing more income for Uncle Sam, may make the deficit projections less dire, but the books will not balance magically. The administration's tax cuts went too far for that. Democrats on the campaign trail are right to want to repeal some of the cuts awarded to the wealthiest Americans. It isn't simply a matter of fairness, but of sound economics.

 
 

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