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Lets's talk about democracy
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Wednesday, 3 November 2004
Would you lend money to this man?

WASHINGTON (AFP) - President George W. Bush won the vote. Now he has to beat the math.

Analysts say the logic is inescapable: you can't cut taxes deeper and still halve the deficit.

These are the 10-year outlook numbers, as calculated by the Concord Coalition, a grassroots advocate of fiscal responsibility:

-- Bush wants to extend all his 2001 and 2003 tax cuts at a combined cost, along with other fiscal measures, of 1.244 trillion dollars.

-- He has spending plans, including a health tax credit, adding a net 82 billion dollars to expenditure.

The result: a gap of 1.32 trillion dollars.

"Throughout his presidency, George W. Bush has refused to calibrate his drive for lower taxes with his support for expensive initiatives such as the global war on terrorism and a major expansion of Medicare," the coalition said in a recent report.

"There is no reason to expect anything different in a second term."

Posted by bushmeister0 at 7:04 PM EST
Updated: Wednesday, 3 November 2004 7:06 PM EST
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