ARCHIVES Search | Login | Search Tips | FAQ | Pricing | About the Archive | Terms
ProQuest is no longer the archive provider for Los Angeles Times. Please visit their web site to view their new archive. If you have previously purchased articles, you may log in to view them. If you have an active article plan, you may log in and continue to use it.
Document
Search
Saved
Saved
Help
Start a New Search
Buy Complete Document: AbstractAbstract Full Text Full Text
Bush's Deficit Plan Is All in the Math; The budget strategy to halve the shortfall by 2009 relies on how and what things are counted.
[HOME EDITION]
Los Angeles Times - Los Angeles, Calif.
Subjects: Public policy; Accounting procedures; Federal budget; Budget deficits
Author: Havemann, Joel
Date: Feb 7, 2005
Start Page: A.1
Section: Main News; Part A; National Desk
Abstract (Document Summary)

It is the 2004 deficit that [Bush] is promising to cut in half, but he's not starting with the actual 2004 deficit of $412 billion.

Instead, his benchmark is the projected $521-billion deficit that his Office of Management and Budget estimated a year ago, when the fiscal year was four months old. Using half of that figure, Bush's goal is to reach a deficit of $260.5 billion.

There are more twists. Bush proposes to cut the deficit in half not in dollars but as a share of the economy. If the economy grows, as is projected, then the deficit will decline as a share of the economy even if it does not shrink by a single dollar.

Buy Complete Document: AbstractAbstract Full Text Full Text

Most Viewed Articles  (Updated Daily)