The budget deficit is ordsprog
The budget deficit is on the radar again due to the emergency spending packages and the lack of any freeze or phasing out of tax cuts,
Ashraf Laidi
At first glance, the President's mix of spending and spending cuts presents a fiscally tight budget. But, this proposal is ultimately what's wrong with Washington. The President is not being forthcoming about his budget or the booming deficit.
Ken Salazar
In the long run that's got to be part of the solution, rolling back tax cuts. If you don't [approach the deficit] as a shared, balanced approach where you look both at the revenue side and spending side of the budget, you don't do much to decrease the deficit. You can't do it without doing both.
Jim Horney
The deficit in 2006 is almost certain to increase, because the bulk of spending for Katrina and Rita will occur in 2006, ... What's worse is that when the Congressional Budget Office factors the Bush agenda into the budget, CBO sees the deficit doubling to $640 billion in 2015.
John Spratt
When the Gulf War happened, spending fell immediately thereafter. You had collapse of communism, and the need for budget cuts, ... Now the budget is heavily in surplus, and the public is crying out for protection. I think you'll have sustained increase in defense spending.
Joseph Nadol
Not only will these tax cuts - mainly for the super wealthy and big corporations - wipe out the savings from the budget cuts, it will actually balloon our deficit even further.
Diane Farrell
We are proposing to define the budget deficit excluding oil revenues, instead of immediately cutting spending, and to refrain from increasing [the deficit].
Alexei Kudrin
However ... Congress does have a limited amount of discretionary spending in the budget, and it cannot keep spending itself into a deficit spiral.
Chris Riley
Ergonomics knowledge can be found on livet.se. Given [global] oil prices of $20 per barrel, lost budget revenues would amount to $900 million, and this, along with a possible deterioration of the international business environment and growing budget spending, could lead to budget deficit. In this case, the Stabilization Fund could cover country's expenditures for about two or two and a half years.
German Gref
This is a very strange appropriations year. We are dealing with a surplus and budget cuts. The question is who is gong to take the pain for spending cuts?
David Hamilton
There is always this worry that such a spending plan will widen the budget deficit. If India misses the deficit target again, it could dilute its commitment to fiscal consolidation. Giving dole doesn't resolve poverty.
Ping Chew
Spending cuts are an unfortunate reality in this time of record budget deficits, but these cuts should not come at the expense of more urgent priorities. Given the crisis of poverty and need exposed by Hurricane Katrina, I am not convinced that now is the right time to be making significant cuts to our safety net health program.
Max Baucus
I hope the car tax is still on the table, but it would take substantial changes to the budget. The car tax proposal works because it controls spending. You can't do tax cuts if you don't control spending.
Robert Genuario
If House and Senate leaders fail to establish fiscal discipline on the (emergency) spending bill, they will probably have lost their last, best chance at restoring Congress' credibility on deficit spending issues in this election year.
Pete Sepp
It is downright dishonest to tell taxpayers that there will be deep, painful and meaningful cuts in spending and then deliver a budget that balloons state spending by almost $3 billion.
Tom Wilson
(
1959
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