This Isn’t the Budget Deficit You’re Looking For
by matt at 6:00 am on July 28th, 2008 in Bush Man Date, Economy, MediaRecord deficit expected in 2009 - USA Today (7/27/08):
The White House has increased its estimate for next year’s deficit to nearly $490 billion, a record figure that will saddle the next president with deepening budget problems in his first year in office, a report due out Monday shows.
The projected deficit for the fiscal year that begins Oct. 1 is being driven higher by the continuing economic slowdown and larger-than-anticipated costs of the two-year, $168 billion fiscal stimulus package passed by Congress, said two senior administration officials with direct knowledge of the report. In February, President Bush predicted the 2009 deficit would be $407 billion.
I’d really like to know how a professional journalist working for a national newspaper can write a story about a record deficit, and not mention how many times the Bush administration promised that they would cut it in half before they left office. Richard Wolf seems to be very qualified in making excuses for a reckless White House, yet doesn’t even know how to do a Google. This is some clowny business.
How many awful reporters do I really have to keep track of at one time?
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