News and Opinion for Democrats Against Bush -- Part II
How Admin Makes Deficit Look Smaller Than It Is
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

"...Next year's on-budget deficit will be $687 billion - not $639 billion, as the administration suggests. In 2008, the groups say, the on-budget deficit will be $692 billion and the net deficit will be $457 billion, or twice the Bush administration's projection."   --Daniel Gross, New York Times
 
For excellent current articles on the state of the deficit, see the Center on Budget and Policy Priorities website at-- http://www.cbpp.org/
 

New York Times                               November 23, 2003
 
Economic View: How to Make The Deficit Look Smaller Than It Is

By DANIEL GROSS
 
The complete article may be purchased from the New York Times archives at--
http://www.nytimes.com/2003/11/23/business/yourmoney/23view.html?
 
Quotes--

... Every year since 1983, workers have paid more in Social Security payroll taxes than Social Security has paid out to beneficiaries. The surplus was supposed to be used to pay down the national debt. "That way, when the baby boomers are retired, our other debt will be lower and we'll be in a better position to borrow funds to pay for benefits," said Richard Kogan, senior fellow at the Center on Budget and Policy Priorities, a liberal-leaning group in Washington.

In the past three years, President Bush and Congress have viewed the Social Security surplus more as a cookie jar than a lockbox. ...

Using excess payroll taxes for unintended purposes masks the true size of the operating deficit. ...
 
The reality will likely be far worse, especially if you factor in costs that the White House doesn't include in its projections - like the $87 billion recently appropriated for the war, or the extension of recently enacted tax cuts. ...

Daniel Gross writes the
Moneybox column for Slate.com.

  2003 The New York Times Company
 

Center on Budget and Policy Priorities

BUDGET PRIORITIES UNDER THE SENATE BUDGET PLAN

Senate-Passed Budget Plan Would Cut Taxes on the Wealthiest, Raise Taxes on the Poorest Workers, Cut Most Domestic Discretionary Program Areas, and Likely Increase the Ranks of Those Without Health Insurance

Yet Proposal Would Increase, Rather than Reduce, Deficits

By Robert Greenstein, Richard Kogan, and Joel Friedman

Revised March 26, 2004

Click here for the complete report summarized below-- http://www.cbpp.org/3-4-04bud.htm  This includes a chart showing year by year how the Senate plan substantially increases projected deficits.

NOTE:  This report examines the budget resolution as passed by the Senate on March 12.  An amendment offered by Senator Russell Feingold, which the Senate approved, would have the effect of requiring 60 votes on the Senate floor to pass the tax cuts contained in the budget resolution, unless the tax cuts are accompanied by offsetting tax increases or entitlement reductions.  (The Feingold amendment would require all tax cuts and entitlement increases to be offset; legislation violating this stricture would be blocked by a “point of order,” which would take 60 votes to overcome.)  News reports indicate, however, that the House and Senate Republican Leaderships strongly oppose the Feingold amendment and will push for its removal in conference.  This analysis examines, among other things, the impact the Senate plan would have on deficits without the Feingold amendment.


 

 

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