2.21.2005
Democrats: Bush plans loaded with debt (CNN.com)
Saturday, February 19, 2005 Posted: 1:15 PM EST (1815 GMT)
COLUMBIA, South Carolina (AP) -- President Bush's budget for 2006 fails to include the costs of the Iraq war and his plan to partially privatize Social Security leads the country deeper into debt, the top Democrat on the House Budget Committee said Saturday.
"Tax cuts, terrorism and recession have all taken their toll," and surpluses built during the Clinton administration "are now gone, vanished, replaced by deficits totaling almost $4 trillion," Rep. John Spratt of South Carolina said in the Democrats' weekly radio address.
"Although this reversal was evident three years ago, the administration's budgets have yet to change course," he said.
Spratt said the Republican-run Congress has raised the debt ceiling three times in four years, by a total of $2.2 trillion, to make room for Bush's budgets.
(More ... CNN.com - Democrats: Bush plans loaded with debt - Feb 19, 2005) ¶ 18:22
COLUMBIA, South Carolina (AP) -- President Bush's budget for 2006 fails to include the costs of the Iraq war and his plan to partially privatize Social Security leads the country deeper into debt, the top Democrat on the House Budget Committee said Saturday.
"Tax cuts, terrorism and recession have all taken their toll," and surpluses built during the Clinton administration "are now gone, vanished, replaced by deficits totaling almost $4 trillion," Rep. John Spratt of South Carolina said in the Democrats' weekly radio address.
"Although this reversal was evident three years ago, the administration's budgets have yet to change course," he said.
Spratt said the Republican-run Congress has raised the debt ceiling three times in four years, by a total of $2.2 trillion, to make room for Bush's budgets.
(More ... CNN.com - Democrats: Bush plans loaded with debt - Feb 19, 2005) ¶ 18:22
