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September 7, 2004
Bush a Loser, Study Shows

Okay, it doesn't really show that specifically, but that doesn't make it any less true.

The study does show, however, that there is virtually no chance that Bush will be able to keep his promise of cutting the budget deficit by half in the next five years. So, while his loserness may be somewhat up for debate, there's no question that he's a disingenuous prick.

Almost regardless of what happens in Iraq and Afghanistan, President Bush is very unlikely to fulfill his promise of reducing the federal budget deficit by half within five years, the nonpartisan Congressional Budget Office said today.

In the last independent assessment of Mr. Bush's fiscal legacy before the elections, the Congressional agency said that if there were no change to existing law, the federal deficit would decline only modestly from a record of $422 billion in 2004 to about $312 billion in 2009.

If Mr. Bush persuades Congress to make his tax cuts permanent, he will fall even farther short of his promise. The federal deficit could reach nearly $500 billion in 2009 and the federal debt could swell by $4.8 trillion over the next decade.

The new estimate is the first time that the Congressional agency has projected that President Bush will not be able to fulfill his promise, made last February, to cut the deficit by half.

New York Times

Speaking for the up-is-down contingent, Republican Jim Nussle of Iowa had this to say:

"This report underscores that our policies are working to create a stronger economy, more jobs and a lower deficit."
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