Ten Things You Should Know About President Bush’s Budget
The Bush administration’s 2005 budget presents a misleading picture of our nation’s finances and includes a number of manipulative tactics to hide the true costs and consequences of the administration’s fiscal priorities.
Reality of the President's Budget
The President's 2005 budget confirms the worst fears – this administration simply cannot be trusted to manage the nation's budget in a fiscally responsible way that works to the benefit of all Americans. When the Bush Administration took office in 2001, they inherited a $5.5 trillion in projected budget surpluses over the decade. Within three years, the surplus has become a record one and a half trillion dollar budget deficit for 2005 alone, with accumulated deficits estimated to top $5 trillion over the next ten years.
