Bush Budget Will Produce $1.82 Trillion In Deficits Over Next Decade

March 7, 2003
By ALAN FRAM

President Bush's proposed new round of tax cuts and the rest of his budget would produce unabated federal deficits over the coming decade totaling a massive $1.82 trillion, the nonpartisan Congressional Budget Office projected on Friday.

The bleak forecast, obtained by The Associated Press, could heighten pressures on the Republican-led Congress to shrink the president's tax-cutting plans so lawmakers can produce a budget of their own that charts a course back to eventual balance.

Bush has proposed $1.57 trillion in fresh tax reductions through 2013 - including a $726 billion economic package - that has drawn opposition from nearly every congressional Democrat and some moderate Republicans.

http://www.washingtonpost.com/wp-dyn/articles/A57577-2003Mar7.html